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

Abstract

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

CLC Number:

F270.3

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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