Chen, Song; Ren, Meixu; Li, Chuanzhen - In: Journal of innovation & knowledge : JIK 9 (2024) 1, pp. 1-14
greater openness to the outside world can alleviate the crowding-out effect. Further, we investigate the moderating effect of … the institutional environment on the crowding-out effect. We find that market segmentation and government corruption will … aggravate the crowding-out effect while strengthening intellectual property protection, improving the trust environment, and …