Research On The Impact Of Financial Subsidies On R&D Investment In The New Energy Automobile Industry And The Appropriate Range

Energy shortages and environmental pollution are two global issues we are currently facing,and the promotion of new energy vehicles as one of the effective ways to solve these two problems has gradually received attention from various countries.The Chinese government has put the development of the new energy vehicle industry at the height of the national development strategy and proposed a series of related policies at the national level to promote the development of the new energy vehicle industry.But at present,China’s new energy vehicle industry is facing the challenge of subsiding subsidence.After subsidies recede or even cancel,China’s new energy vehicle manufacturers will compete with industry-related companies around the world on the same stage.Only by improving the ability to innovate can we truly highlight the encirclement.Therefore,this article starts from the analysis of the impact of government subsidies on R & D investment,and attempts to study two issues: one is to analyze the impact of changes in financial subsidies on the research and development of new energy automobile industry companies;the other is to study the moderate range of government subsidies for new energy automobile industry.This article first reviews the theory of financial subsidies and R & D investment,summarizes the relevant research of domestic and foreign scholars,and then introduces the development status and institutional background of the new energy automobile industry,and then combines the theory with this article to analyze and explain the financial subsidies.Mechanism and effect.Then combine the annual report data of 53 listed companies in the new energy automobile industry from 2009 to 2018 to make an empirical analysis of the impact of government subsidies on corporate R & D investment.Analysis uses descriptive statistics,Pearson correlation analysis,regression analysis and other methods.The total sample regression,lagging sample regression,staged sample regression,and qualitative regression econometric equations are constructed to study the impact of changes in financial subsidies on R & D investment in the past ten years.Finally,the threshold model is used to analyze the impact of fiscal subsidies on the R & D investment of enterprises in different intervals,and the efficient intervals of fiscal subsidies are divided.The research in this article not only reveals the mechanism of the role of fiscal subsidies on R & D investment,but also shows that the impact of fiscal subsidies on R & D investment in the current new energy industry shows a crowding-out effect through empirical research on panel data.The high efficiency range hopes to provide strong data support for the next policy subsidy direction of the new energy automobile industry.