When government funds are invested at different stages of R&D, two factors should be considered: the efficiency of government funds at different stages of R&D, and the efficiency differences between government funds and enterprise self-raised funds. Compared with other countries, the ratios of government funds invested at the basic research stage and the applied research stage are smaller in China, while the ratio of investment at experimental development stage is bigger. The result based on the Provincial-level panel data analysis in 2009-2013 shows that: at the basic research and the applied research stages, the government funds have more positive innovation effects than enterprise self-raised funds; at the experimental development stage, the government funds invested have no significant effects; the government funds have a more positive effect at the basic research stage than atthe applied research stage. We suggest that government should increase the percentages of investment at the basic research and the applied research stage, and reduce the percentages of investment at the experimental development stage.
Key words
government funds /
enterprise self-raised funds /
stages of R&D /
investment percentages
{{custom_sec.title}}
{{custom_sec.title}}
{{custom_sec.content}}
References
[1] 余永泽. 创新要素集聚、政府支持与科技创新效率——基于省域数据的空间面板计量分析[J]. 经济评论, 2011(2): 93-101. Yu Yongze, Innovation cluster, government support and the technological innovation efficiency: Based on spatial econometrics of panel data with provincial data [J]. Economic Review, 2011(2): 93-101.
[2] 谈毅, 杨晔, 白伊贝. 政府科技投入对高校创新产出影响的实证研究——基于2004-2013年的研究[J]. 财政研究, 2014(12): 53-57.Tan Yi, Yang Ye, Bai Yibei. Study on influences of public R&D investment on innovation outputs of higher education: An empirical test based on data from 2004-2013 [J]. Public Finance Research, 2014(12): 53-57.
[3] Wallsten S J. The effects of government-industry R&D programs on private R&D: The case of Small Business Innovation Research program [J]. The RAND Journal of Economics, 2000, 31(1): 82-100.
[4] 冯宗宪, 王青, 侯晓辉. 政府投入、市场化程度与中国工业企业的技术创新效率[J]. 数量经济技术经济研究, 2011(4): 3-17. Feng Zongxian, Wang Qing, Hou Xiaohui, Government investment, degree of marketization and technological innovation efficiency of China's industrial enterprises [J]. The Journal of Quantitative & Technical Economics, 2011(4): 3-17.
[5] 解维敏, 唐康泉, 陆姗姗. 政府R&D资助、企业R&D支出与自主创新[J]. 金融研究, 2009(6): 86-99. Xie weimin, Tang Kangquan, Lu Shanshan, Public R&D subsidies, private R&D investment and innovation [J]. Journal of Financial Research, 2009(6): 86-99.
[6] Romero-Martínez A M, Ortiz-de-Urbina-Criado M, Soriano D-R. Evaluating European Union support for innovation in Spanish small and medium enterprises [J]. The Service Industries Journal, 2010(5): 671-683.
[7] 杨向阳, 童馨乐. 政府支持对KIBS企业研发投入的影响研究[J]. 科研管理, 2014(12): 46-53.Yang Xiangyang, Tong Xinle. Study on influences of government support on R&D investment to KIBS firms [J]. Science Research Management, 2014(12): 46-53.
[8] Link A N. An analysis of the composition of R&D spending [J]. Southern Journal of Economics, 1982(3): 342-349.
[9] Gorg H, Strobl E. The effect of R&D subsidies on private R&D [J]. Economica, 2007, 74(294): 215-234.
[10] 和瑞亚, 张玉喜. 中国科技财政对科技创新贡献的动态估计研究——基于结构向量自回归模型的实证分析[J]. 研究与发展管理, 2013(5): 127-134.He Ruiya, Zhang Yuxi. Dynamic contribution of S&T public expenditure to S&T innovation in China: An empirical analysis based on SVAR model [J]. R&D Management, 2013(5): 127-134.
[11] 吴芸. 政府科技投入对科技创新的影响研究——基于40个国家1982-2010年面板数据的实证检验[J]. 科学学与科学技术管理, 2014(1): 16-22.Wu Yu. Impact of governmental investment on science & technology innovation: Empirical test based on panel data of 40 countries from 1982 to 2010 [J]. Science of Science and Management of S.&T., 2014(1): 16-22.
[12] 张治河, 冯陈澄, 李斌, 华瑛. 科技投入对国家创新能力的提升机制研究[J]. 科研管理, 2014(4): 149-160.Zhang Zhihe, Feng Chencheng, Li Bin, Hua Ying. The research on the mechanism to enhance the national innovation capacity through S&T input [J]. Science Research Management, 2014(4): 149-160.
