Study On The Induction And Its Effect Of Government' R&D Investment To Enterprise' R&D Investment

Nowadays China meets strategic opportunities. Enhancing China's capacity for independent innovation and making China an innovative country has been upgraded for our national development strategy. We have constructed a multiplex R&D investment pattern including enterprises and government, the total volume and intensity of R&D investment have markedly improved, but in the light of international experience, China's R&D intensity is significantly low; the source structure of R&D investment seems to be reasonable, but may be"balance trap in the low level". As the most important main body of R&D activities, the enterprise occupies an important position in the national innovative system. However, Chinese government'R&D will still play an important role in a fairly long time because of the limitation of enterprise's scale. Therefore it is very pressing and significant to discover the functionary linkage mechanism between government'R&D and enterprise'R&D, enhance the part of government'R&D in the process of inducing enterprise'R&D and improve capacity for independent innovation.Based on the evolutionary path of endogenization in models of economic growth, the paper focus on the R&D growth model which is the most promising endogenous growth theory. It elaborates the theoretical evolution of government'R&D investment, compares the policy tools for government'R&D inducing enterprise'R&D investment and comments on the study of government'R&D investment affecting enterprise'R&D investment at home and abroad. In the background of constructing an innovative country and reality of China's R&D investment and disposition, this paper analyzes the inductive effect of government'R&D investment affecting enterprise'R&D investment. While through summing up international experience of policies for governments promote enterprise'R&D investment, it then put forward the policy suggestions of government inducing enterprise'R&D investment.By commenting on the study of government'R&D investment affecting enterprise'R&D investment at home and abroad, the paper comes to conclusion that government'R&D investment has inductive effect on enterprise'R&D investment at the macro level. As well as by empirical analysis, it concludes that the total volume and intensity of R&D investment in China have markedly improved, but R&D investment and disposition still have significant deficiencies; test results of econometric model shows that our government'R&D investment for each additional one yuan, enterprises will be additional R&D investment 0.182 yuan, government'R&D investment has inductive effect on enterprise'R&D investment, but the effect is not obvious.