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Performance Evaluation Of China’s Financial Investment In Science And Technology

Posted on:2015-05-15Degree:DoctorType:Dissertation
Country:ChinaCandidate:L C HeFull Text:PDF
GTID:1109330467482907Subject:National Economics
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The18th National People’s Congress and the3rd Plenary Session made the strategy of innovation-driven development, established themajor deployment of national innovation systems, stressing that science and technology innovation is the strategic support of social productive forces and overall national strength, must be at the Centre of national development and the global position. Science and Technology should be focused on by Treasury Department at all levels in China, through financial direct investment, tax incentives and other financial investment and continued efforts to increase fiscal investment in science and technology, promoting innovation ability of the improvement of science and technology, in order to speed up the development of economic and society.Technology Financialinputplayed avery important role in vary of areas, supporting public technology activities, leading personal division on science investigation. Based on financial technology financial and tax, financial and policy support, the science and technology has made great development in recent years, scientific and technological strength increased substantially, overall innovation capability was enhanced obviously. High-quality scientific and technological talents was growing and a number of areas were at top of the world, like amount of total research, development personnel, international paper and invention patents.Fiscal investment in science and technology is an important part of budget expenditures, fiscal investment in science and technology performance assessment provisions of both the legal system, but also improve the financial benefit inherent requirement. In2011, the Ministry of finance the guidance on promoting the performance management of the budget and the provisions of the interim measures for the administration of fiscal expenditure performance evaluation, fiscal investment in science and technology is a Government budget management of money, objects belonging to performance evaluation. In2012, the CPC Central Committee and the State Council on deepening the reform of science and technology to speed up the construction of national innovation system stressed that to strengthen science and technology planning, specialized, funds, project funds management of comprehensive performance evaluation of sound technical project management accountability mechanisms, accountability in accordance with law, improving investment efficiency.In recent years, the party and Government to strengthen financial and technology resources management and improve financial management level and use benefit of the technology funds, has developed a series of systems and approaches for China’s science and technology development and improving the capacity of independent innovation to provide a strong guarantee. But due to scientific and technological activities with a strong specialization, complexity and uncertainty, results appear with a certain lag, technology funds management complexity, and it is very difficult, although the growing strength of China’s financial investment in science and technology funds, but did not bring the huge boost of scientific and technological achievements, overall benefits still need to be improved. National audit reports also reveal many violations and discipline. Research funding "expanded uses""crowding out misappropriated""false claims", phenomenon in some units commonplace; financial technology funds inputs structure not reasonable, System enough sound, heavy project, and light performance of problem comparison highlight; performance evaluation results using not full, project performance to formality; technology evaluation oriented endless reasonable, technology evaluation more to published papers number and towards research project number as measure standard, raised has excessive competition, contributed to has research utilitarianism and short-term acts, Weakening effect of fiscal investment in science and technology.In this paper, the main line of financial technology investment objective, investment in science and technology on domestic and foreign financial performance evaluation studies in the field of literature review, research scholars abroad quite broad, multi-use mathematical methods to compare and empirical analysis, science and strong; domestic scholars involved in all aspects of finance, such as science and technology investment and economic growth, but the method is relatively simple, especially the lack of systematic research into the performance of the financial aspects of science and technology, research findings are not consistent. The main frame of this paper is, Questions-Related Existing Investigation-The Analysis of the system of Financial Technology Input and Effective Evaluation among China and Developed Countries-Build an Evaluation System and then Prove and Analyze-Conclusion and Suggestion.The paper focused on how to improve the effective of Financial Technology inputs, the most important points are, Firstly, the Elements of Financial Technology inputs impacts; Secondly, how to build a valid and scientific system of Financial Technology Input and Effective Evaluation; At last, based on the instance analysis, came up with the suggestion of how to improve the performance of government financial technology input. Besides the introduction, the paper also involved two parts.Part I, the comparison and analysis of the input and performance of Financial Technology input between Domestic and aboard.Reviewed the documentations of the research results of financial technology input evaluation all over the world, the investigation aboard were wide, and the method of the comparison and instance analysis was mathematics; While the investigation of domestic articles are involved in every areas of financial technology input and the growth of the economics. Especially, due to the lack of systematic investigation of performance of financial technology input, the research conclusions were different.In this paper, combing through the system and comparative analysis of countries to explore the theory of science and technology investment and financial performance evaluation based on practical experience and financial technology investment is an important form of public spending, the government fulfill the economic and social functions, the implementation of macro-control on the market, an important means of promoting scientific and technological progress and economic development.Part II, Instance analysis of the performance of government financial technology inputIn this paper, the financial performance of R&D input and output of the empirical testing and analysis, by the intensity of R&D investment in financial analysis, performance analysis of longitudinal and transverse performance analysis shows that the scale of China’s financial technology investment is unlikely, the intensity is not high, inter-regional, a big gap between the industry, the effect is not significant. The main problems and causes of the financial performance of our existing technology investment, managed institutional mechanism is not perfect, functional positioning is not clear, the laws, regulations and market imperfections degree not higher for many reasons.There were two innovation points in this paper,First of all, explore technology built into our financial performance evaluation system, and empirical analysis the investment in science and technology in China. Combined with the international advanced technology evaluation system, according to the specific situation in China, constructed a new performance evaluation system of financial investment in science and technology, on this basis, empirical analysis the government science and technology investment performance, more comprehensive evaluated the status of China’s finance and technology investment performance. Secondly, base on the perspective of improve the investment efficiency of science and technology investment, put forward a new idea of science and technology investment. Through the research on the finance and technology input evaluation found that existing research more focus on empirical analysis than evaluation theory; The research route is main project-input-output-evaluation-conclusion-suggestion and so on, the investment performance is difficult to control and efficient. This paper according to the characteristics of science and technology activities puts forward own opinions. The research on the basic and applied research can take a new route that is publish the project guide-project reporting-release all the declaration-screen and adjust the part of project-announce the filing of the project-research projects-research the results-applicate the project evaluation-evaluation of the project quality-allocate the funds, this method can subject to orient and results, and improve the investment performance in science and technology.There were also two points of this paper to be improved,Firstly, Due to the limit of the research view and English, the range of the investigation was limited as well. The contents of financial technology input and evaluation were abundant, but this paper only discussed three parts of expenses of technology, stuff, policy, management and patent are not include. The author would be working on the discussion and investigation even further, so that, more and more values of financial technology input performance evaluation can be dig out.Secondly, the author was limited by lack of theory, practice, experience and other aspects, Financial Investment and Construction of Performance Evaluation System is an evolving dynamic process, covering all aspects. With the deepening of comprehensive tax reform, will involve more deep-seated problems, existing research must turn lags behind the development of the practice, which requires me to continually compensate for future learning and research, deepen and improvement.
Keywords/Search Tags:financial investments in technology, research and development, input-output, performance evaluation
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