How institutional innovation empowers regional innovation:Evidence from the negative list model for market access
As a Chinese-characteristic institutional innovation,can the negative list model further release China's innovation potential and promote the improvement of new quality productivity by better grasping the relationship between"effective market"and"proactive government"?Based on the data of Chinese cities,this paper constructs a DID model to investigate the impact of negative list on regional innovation and its mechanism.The study found that the negative list model significantly promoted regional innovation,and the effect gradually increased with the implementation time.Agglomerating innovative capital elements and reducing institutional transaction costs are two core mechanisms for the above effects.Heterogeneity test confirmed that the innovation empowerment effect is more pronounced in regions with higher market segmentation of capital elements and lower levels of government-business relations.Fiscal expenditure on science,fiscal expenditure on education,intellectual property protection degree and digital government construction can significantly improve the promoting effect of the negative list mode of market access on regional innovation.This article shows that improving the basic system of market access can further release China's innovation potential,and also provides new inspiration for how to better play the synergistic role of"effective market"and"proactive government"in the regional innovation system.
institution innovationregional innovationmarket accessnegative list
NETL
NSTL
万方数据
