Effects of R&D investment structure on growth and optimal intensity of basic research

Abstract

Abstract: With respect to the defect of previous study that attention has only been given to the total amount of the R&D investment but not to the R&D investment structure and the basic research intensity, the paper sets up an endogenous economic growth model through revising the MRW model and decomposing R&D investment into the basic research and the non-basic research, and examines empirically the effects of R&D investment structure on the regional economic growth using the data of 30 provinces, municipalities and autonomous regions in China from 1998 to 2010. The study results show that the proportion between the basic research and the non-basic research increases by 1%, the economic growth rises by 0.08%-0.12%, and the R&D investment structure plays an important role on the economic growth. To promote the economic growth, while increasing its R&D investment, China should increase the basic research investment and optimize its share in the R&D to achieve the optimal configuration of the R&D.

Key words: basic research, R&D, R&D investment structure, endogenous growth

CLC Number:

F273.2

Huang Ping. Effects of R&D investment structure on growth and optimal intensity of basic research[J]. Science Research Management, 2013, 34(8): 53-57.

References

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