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Industrial Policy and Innovation Capability of Strategic Emerging Industries: Empirical Evidence from Chinese New Energy Vehicle Industry

1
Institute of New Structural Economics, Peking University, Beijing 100871, China
2
College of Environmental Sciences and Engineering, Peking University, Beijing 100871, China
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(10), 2785; https://doi.org/10.3390/su11102785
Received: 8 April 2019 / Revised: 10 May 2019 / Accepted: 13 May 2019 / Published: 15 May 2019
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Abstract

Industrial policy is an important tool for developing countries to protect their own industries and improve innovation capabilities. This paper takes China’s new energy vehicle industry as an example, and uses the number of invention patents as a measure of independent innovation capability in order to analyze the impact mechanism of industrial policy on innovation. The estimation results of difference-in-differences and propensity score matching estimations show that the “Ten Cities Thousand Vehicles Project” for promoting the new energy vehicle industry has indeed increased the number of invention patents filed in new energy automobile manufacturers, as compared with traditional automakers. This paper also provides empirical evidence and statistical support for the implementation of industrial policies. View Full-Text
Keywords: Industrial Policy; Innovation Capability; Difference-in-differences; Propensity Score Matching; New Energy Vehicles Industrial Policy; Innovation Capability; Difference-in-differences; Propensity Score Matching; New Energy Vehicles
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Zhao, Q.; Li, Z.; Zhao, Z.; Ma, J. Industrial Policy and Innovation Capability of Strategic Emerging Industries: Empirical Evidence from Chinese New Energy Vehicle Industry. Sustainability 2019, 11, 2785.

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