The degree of innovation in high-tech industries plays a significant role in national innovation and has a direct impact on the competitiveness of the nation in the world market as well as its possibilities for future growth. According to this study, spending on science and technology in the budget positively impacts businesses in high-tech industries' capacity for innovation. The essay employs an empirical method to investigate this relationship in order to gain a deeper understanding of it. The results demonstrate that company innovation is indeed encouraged by fiscal S&T investments. To further confirm the validity of the results, the paper also performs a robustness test and a heterogeneity discussion. Therefore, in order to support the enhancement of businesses' capacity for innovation and the nation's overall capacity for innovation and industrial upgrading, the government ought to augment its funding in science and technology for high-tech industries. In addition to giving businesses a competitive edge in the global market, this will provide a strong basis for the nation's future growth.

Tang Qirong. The Impact of Fiscal Science and Technology Expenditures on Corporate Innovation in China——Empirical evidence from high-tech industries. The Frontiers of Society, Science and Technology (2024), Vol. 6, Issue 4: 54-61. https://doi.org/10.25236/FSST.2024.060408.

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