An Empirical Study on the Relationship between Fiscal Expenditure on Science and Technology and Technology Innovation in China

DOI

10.2991/itms-15.2015.105How to use a DOI?

Keywords

Fiscal Expenditure on Science and Technology; Technology Innovation.

Abstract

Base on the data in China from 1985 to 2012, this paper studies the relationship between fiscal expenditure on science and technology and technology innovation (patent applications) by using co-integration analysis and Granger cause test. The results show that: Although the fiscal expenditure on science and technology and technology innovation (patent applications) are fluctuant respectively, the long term relationship between them is stable and co-integrative. China's fiscal expenditure on science and technology has a great role in promoting technological innovation and they are Granger cause of each other.

Copyright

© 2015, 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  - Shengqiang Liu
PY  - 2015/11
DA  - 2015/11
TI  - An Empirical Study on the Relationship between Fiscal Expenditure on Science and Technology and Technology Innovation in China
BT  - Proceedings of the 2015 International Conference on Industrial Technology and Management Science
PB  - Atlantis Press
SP  - 439
EP  - 442
SN  - 2352-538X
UR  - https://doi.org/10.2991/itms-15.2015.105
DO  - 10.2991/itms-15.2015.105
ID  - Liu2015/11
ER  -