Abstract
With the development of the globalization of science and technology, innovation has become an important driving force for regional economic development. As a core element of regional innovation, financial R&D resources have also become a key element to enhance national innovation capabilities and national economic competitiveness. National and regional innovation capabilities have a direct impact. There are also many deep-seated problems behind the world-renowned achievements, such as irrational industrial structure, insufficient independent innovation capabilities, low resource utilization efficiency, and the service quality and efficiency of financial institutions for the transformation of total factor productivity. These problems extremely restrict the efficiency upgrade and further development of our country’s total factor productivity. This study uses the DEA-Malmquist index model to measure the efficiency of fiscal R&D resource allocation in 28 provinces and regions in China in the past 10 years and uses Mapinfo12.0 software to analyze regional differences in the efficiency of fiscal R&D resource allocation in China from a spatial perspective. During the year, the overall R&D resource allocation efficiency of 28 provinces and autonomous regions in China has shown an upward trend. The efficiency of fiscal R&D resource allocation and the concentration of financial factors have had a positive impact on total factor productivity, transform and upgrade factors, increase total factor productivity, and provide empirical evidence for building a strong country.
Highlights
IntroductionErefore, studying the efficiency of our country’s R&D resource allocation and its regional differences is of great significance for reducing the differences in the efficiency of R&D resource allocation among regions, improving total factor productivity, enhancing regional innovation capabilities, and promoting the coordinated development of regional economies
China has been steadily increasing R&D investment to improve its own level of innovation, but R&D varies greatly between different regions. erefore, studying the efficiency of our country’s R&D resource allocation and its regional differences is of great significance for reducing the differences in the efficiency of R&D resource allocation among regions, improving total factor productivity, enhancing regional innovation capabilities, and promoting the coordinated development of regional economies
The efficiency of fiscal R&D resource allocation promotes the development of total factor productivity, but as time goes by, its effect weakens
Summary
Technological progress is the main factor leading to the increase in green total factor productivity. In order to avoid duplication of the work of this article when analyzing the TFP differences in the three main regions of eastern, central, and western regions, this article studies the differences in these three regions based on the results of the Malmquist index calculation method. The development of total factor productivity in these three regions from 2004 to 2009 was mainly attributed to technological progress. Erefore, our country’s pursuit of low-speed, high-quality economic growth can feedback the rational allocation of fiscal R&D resources and the development of total factor productivity, which forms a virtuous circle of economic activities. Excessive pursuit of the quality of economic growth requires increasing welfare benefits, increasing the cost of controlling environmental pollution, and shutting down a large number of seriously polluting enterprises. is poses a huge challenge to our country’s fiscal expenditure capacity and leads to a slowdown in economic growth. erefore, the relationship between the two must be properly handled to ensure healthy and stable economic growth
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