Study on Interactive relationship of different sources of R&D input and S&T output based on panel data and Panel VAR Model

Abstract

Abstract: This paper establishes a study framework based on the analysis of the interactive influence mechanism of S&T input and output, then analyzes the Interactive relationship between S&T input and output based on panel data, Granger causality, pane VAR model, focusing on the performance research of funds from different financing channels. The research results show that the government S&T input has a certain rigidity and relative independence and cannot drive the enterprise S&T input. The enterprise S&T input and the S&T bank loan combine relatively more closely. The S&T output has greatly promoted the enterprise S&T input and the feedback to other elements is small. From the perspective of the factor contribution, the elastic coefficient of the government S&T input is greater than that of the enterprise S&T input while the elastic coefficient of the S&T bank loan is negative and the R&D labor is independent of the S&T output.

Key words: bank loans, S&T input, panel data, panel VAR model

CLC Number:

G301

Yu Liping. Study on Interactive relationship of different sources of R&D input and S&T output based on panel data and Panel VAR Model[J]. Science Research Management, 2013, 34(10): 94-102.

References

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