A study of dynamic relationship between science &amp; technology investment and economic growth in China

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Science Research Management ›› 2014, Vol. 35 ›› Issue (9) : 58-68.

A study of dynamic relationship between science & technology investment and economic growth in China

Zhang Youzhi^1,2

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Abstract

The paper analyzes the nonlinear relationship between China's finance science & technology investment and economic growth, and R&D fund investment and economic growth based on smooth transition regression model. The conclusion shows the relationship between finance science & technology investment and economic growth is appropriate to utilize LSTR2 model to simulate. Meanwhile, the relationship between R&D fund investment and economic growth is appropriate to utilize LSTR1 model to simulate. Finally,the limitations and future directions are discussed according to the related theory and practice.

Key words

fiscal science & / technology investment / R&D fund investment / economic growth

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Zhang Youzhi. A study of dynamic relationship between science & technology investment and economic growth in China[J]. Science Research Management. 2014, 35(9): 58-68

References

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