A research on the percentages of government investment at different stages of R&D

Abstract

Abstract: 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

CLC Number:

F204

Wang Boya, Xiong Chai, Lu Xiaoyu. A research on the percentages of government investment at different stages of R&D[J]. Science Research Management, 2015, 36(6): 75-80.

References

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