Could Government's R&D Funding Improve Innovation Output of Public R&D Institutes in China?

DOI

10.2991/erms-18.2018.86How to use a DOI?

Keywords

Government's R&D funding, Public R&D institutes, Innovation output, Co-Integration test, Granger cause

Abstract

Based on co-integration model and Granger cause test，by using data from 2002 to 2016，this paper empirically analyzed the relationship between government's R&D funding and innovation output of public R&D institutes in China. The empirical results indicate that a long-term, stable and equilibrium relation exists between government's R&D funding and public R&D institutes’ invention patent authorization, and furthermore the contribution from government's R&D funding to public R&D institutes’ invention patent authorization is also significant in a short term; From the view of annual variation, the government's R&D funding is the Granger cause of public R&D institutes’ granted invention patents, while the patents are not the Granger cause of government's R&D funding; As a practical conclusion, the government's R&D funding could expectedly improve innovation output of public R&D institutes in China.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jian-wen He
PY  - 2018/04
DA  - 2018/04
TI  - Could Government's R&D Funding Improve Innovation Output of Public R&D Institutes in China?
BT  - Proceedings of the 2018 International Conference on Education Reform and Management Science (ERMS 2018)
PB  - Atlantis Press
SP  - 478
EP  - 485
SN  - 2352-5398
UR  - https://doi.org/10.2991/erms-18.2018.86
DO  - 10.2991/erms-18.2018.86
ID  - He2018/04
ER  -