Tax incentives, R&D investment and employment

This paper investigates the mechanisms of tax incentives and R&D investments on employment, constructs a panel data model with a sample of 4,255 Chinese technology-based SMEs, and adopts a fixed effect model for empirical evidence after various types of tests. The research results show that tax incentives and R&D investments in technology-based SMEs positively affect their employment. The positive effect is reflected in the current period and remains valid in the next period. R&D investment, operating profit margin, and remuneration positively impact employment, while we should focus on controlling and reducing overhead costs. Finally, corresponding suggestionsand countermeasures are given from three levels: government, enterprises, and society.

本文探究了税收激励与研发（Research and Development，简称R&D）投入对就业的作用机制，以4255家中国科技型中小企业为样本构建面板数据模型，经多重检验后采用固定效应模型开展实证研究。研究结果显示，科技型中小企业所获税收激励与研发投入对其就业水平具有正向促进作用；该正向影响当期即可显现，且在下一期依然有效。研发投入、营业利润率与薪酬水平均对就业产生正向影响，而研究同时指出需重点管控并缩减间接成本。最后，本文从政府、企业与社会三个层面提出了相应的对策建议。