Abstract
With panel data of 25 provinces from 2009 to 2014 and the internal expenditure of R & D derived from the government as the measure of the government’s R & D input in the region, the fixed effect model is adopted to analyze the influence of the government R & D investment on technology transaction. Empirical results show that technology transaction will be promoted significantly with the increase of government R & D investment. Therefore, the technology transaction can be effectively stimulated by adding the R & D investment from government to make more technological innovation achieve the transfer and commercialization.
Highlights
Over the past thirty years, the economy of China has experienced a rapid growth stage, but with the increasingly competitive global economy and technological innovation playing a more and more important role in the competition, extensive economic growth in China over the years relying on investment and export is not sustainable
With panel data of 25 provinces from 2009 to 2014 and the internal expenditure of R & D derived from the government as the measure of the government’s R & D input in the region, the fixed effect model is adopted to analyze the influence of the government R & D investment on technology transaction
Using national data in an empirical research, Wang Fang and Li Hua [13] analyzed the relationship between the structure of R & D and the technological transaction scale, and the results show that it is clear that R & D investment has an effect on the technological transaction scale, both government and enterprise R & D investment have a strong correlation with technological transaction, and the government R & D investment has a more encouraging effect on the technological transaction scale
Summary
Over the past thirty years, the economy of China has experienced a rapid growth stage, but with the increasingly competitive global economy and technological innovation playing a more and more important role in the competition, extensive economic growth in China over the years relying on investment and export is not sustainable. In an era when China enters a New Normal with a high economic downward pressure, no matter from the perspective of theory and reality, it is significant to study how to expand the technology transaction in China and make more technological achievements realize technology transfer and commercialization. It is self-evident that the government plays an important role in technological innovation and technology transaction in China. Does the government R & D investment have a significant impact on the commercialization of technological innovation? Can the increase of government R & D investment enhance the technology transaction? This is what this paper attempts to study
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