This paper establishes the SVAR model based on the stationary test, co-integration test and Granger causality test, and makes an empirical analysis on Chinese LME independent innovation input-output using the impulse response and variance decomposition technology. The results show that the R&D investment intensity, R&D personnel investment intensity and production equipment input capability have a long-term equilibrium relationship with the innovation output. The shocks which come from the R&D investment intensity, R&D personnel investment intensity and production equipment input capability have a positive impact on the independent innovation output, and the production equipment input capability contributes the most while the R&D personnel investment intensity ranks the second in the contribution. However, there exists a long-term lagging between the increment of R&D investment intensity and its effect on the innovation output.
Key words
independent innovation inputs /
independent innovation outputs /
SVAR model /
impulse response /
variance decomposition
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