Regional comparative research on innovation and entrepreneurship policy from the perspective of policy tool

With the continuous and embedded implementation of »Public Entrepreneurship and Mass Innovation» strategies in China, a series of policies have been promulgated by the central and regional government in order to promote the innovation and entrepreneurship. It is the fact that both the central and local governments are China's industrial policy makers, which certainly cause differences in the relevant industrial policy content. Normally, the central government makes decisions from an overall point of view, while local governments tend to be practical on policymaking. Based on gathering a series of policy documents promulgated by the central government and three first-tier cities including Beijing, Shanghai and Shenzhen, which regarding to innovation and entrepreneurship during the past ten years, this paper constructs a classification of policy tool of these policies. Then, the paper conducts a comparison analysis of these three cities' innovation and entrepreneurship policies from the perspective of policy tool. Based on the aforesaid analysis, the paper proposes suggestions to promote China's innovation and entrepreneurship.