Leverage effect of beijing government R&D investment on enterprise R&D investment

Author

Hongxia Sun

Author_Institution

Key Lab. of Sci. & Technol. policy simulation & decision-making, Beijing Res. center for Sci. of Sci., Beijing, China

Volume

2

fYear

2013

fDate

23-24 Nov. 2013

Firstpage

93

Lastpage

96

Abstract

According to 1990-2011 annual data, the paper analyzes the effect of government R&D investment on enterprise R&D investment. First, it analyzes R&D investment in Beijing region. Then, it provides empirical analyses by using Econometric Model. The results show that leverage effect of government R&D investment is greater than crowding-out effect. When government R&D investment increases 1%, it will lead to enterprise R&D investment increases 0.597137%, but the investment that government provided to the university may crowd out enterprise R&D investment. Finally, it proposes related policy suggestion based on the results. It suggests that Government R&D investment should be further strengthen and should have a leverage effect on enterprise R&D investment. Government should increase R&D investment to enterprise and scientific research institutes and Higher education should adjust the structure of R&D investment.

Keywords

econometrics; educational institutions; government policies; investment; public finance; research initiatives; Beijing; crowding-out effect; econometric model; enterprise R and D investment; government R and D investment; government policies; higher education; leverage effect; universities; Econometrics; Education; Government; Investment; Resource management; Technological innovation; Enterprise R & D investment; Government R & D investment; Leverage effect;

fLanguage

English

Publisher

ieee

Conference_Titel

Information Management, Innovation Management and Industrial Engineering (ICIII), 2013 6th International Conference on

Conference_Location

Xi´an

Print_ISBN

978-1-4799-3985-5

Type

conf

DOI

10.1109/ICIII.2013.6703246

Filename

6703246