The Incentive Effect Of Government S&T Policy On The Enterprise S&T Investment In China

The effect of technology innovation is increasingly outstanding under market economy. It has already become the decisive factor that affects economic growth, and show great economy value. The competence of technology innovation has already become the principal symbol that measures one country's whole competition ability. Each nation strives to promote the competence of technology innovation through increasing Science and Technology(S&T) investment. The enterprise is the corpus of national technology innovation, and is also the corpus of S&T investment at the same time. However, because of the reason that market failure and technology innovation has the character of public goods etc., it makes the enterprise S&T investment lower than the ideal level. It is need for government to intervene in the enterprise technology innovation.Policy tools are the important and effective instruments that government employs to intervene in national innovation activities. In the process of S&T system reform, our government absorbed a great deal of useful experience from developed countries, and employed a series of policy tools to intervene in the enterprise technology innovation activities in order to urge enterprises to increase S&T investment. The effect of these policy tools and the result of S&T system reform in our country is the issue that we concern.Firstly, this article introduced the domestic and international research systematically, and interpreted the necessity and the action mechanisms theoretically that government intervenes in innovation activities. Then through consulting the domestic and international research and building up a series of econometric models, it analyzed some issue from the macroscopic level: the influence that government S&T policy tools have on enterprises, the interaction between policy tools, the change of enterprises'innovation status, and how to optimize the collocation of government S&T fund. At the same time, associating with the conclusions that econometric models have obtained, it analyzed the present conditions in our country, and pointed out the acquired achievement and existent blemish in the process of S&T system reform. Finally, through comparing our country with Organization for Economic Cooperation and Development (OECD), it found out the difference between our country and developed countries, and gets some elicitation.