R&D subsidies, internet penetration and global value chain position
研究了中国区域2005-2016年数据，发现研发补贴与全球价值链地位呈倒U型关系，且互联网普及能弱化这一关系，为政策制定者提供补贴政策新视角。
The purpose of this research is to examine the relationship between R&D subsidies and global value chain position (GVCP), as well as the moderating role of internet penetration. Panel regression model analysis of a dataset of Chinese regional GVCP from 2005 to 2016 shows an inverted U‐shaped relationship between R&D subsidies and GVCP. Furthermore, our empirical analysis suggests that internet penetration can weaken this inverted U‐shaped relationship. These results highlight the importance of internet penetration for regional enterprises and provide policy makers with new insights into their subsidy policies.