Our Government Investment In Science And Technology Performance Evaluation Studies

Nowadays, with the development of economy, technology progress has gradually been an important influencing factor in developing a country's economy, enhancing a country's power in the fierce international competition and overall national strength. As we all know, government is one of the main investment parts in science and technology. The financial science and technology funds are also an important input of the investment. How about the performance of our government in the investment and whether it could reach the maximum output are required to be answered in the actual decision-making. Therefore, it has significant theoretical and practical meaning to analyze the performance of government's investment in science and technology and to maximize the effectiveness of the limited funds.Starting from the realistic situation and making the performance of government's investment in science and technology as the subject, the paper combines Technological Innovation Theory and Endogenous Growth Theory, organizes the home and abroad literature about the government's financial investment in science and technology, then analyzes the amount and structure status quo and the necessity of government's investment in these fields. From the macro perspective, the paper researches the relationship between economic growth and government's financial investment in science and technology using the Co-integration Theory, and from the micro perspective, it evaluates the performance of the government using the Data Envelopment Analysis Method. Finally it provides the relevant policies and recommendations according to reality.The main contribution and innovation of the paper are as follows:Firstly, through analyzing the amount and structure of status quo, the paper comes to the following conclusion: our government's finance investment in science and technology continued to increase by the absolute amount; however, the relative weight was on a downward trend; the growth speed of our government's finance investment in science and technology was below the financial total expenditure's and the input in basic research was too little.Secondly, the paper analyzes the necessity of government's investment in science and technology on the basis of reality and related theory. And then starting from the positive correlation between the investments and achievements of science and technology, the paper analyzes the mechanism from two perspectives. They are encouraging diversified activities and increasing the supply of scientific and technical knowledge. And it points out that government's finance investment in science and technology plays a complementary role. Thirdly, from the macro perspective the paper researched the relationship between economic growth and government's financial investment in science and technology and evaluated the performance of our government's financial investment and output from a micro perspective through the relevant model, and came to the following conclusion: government's financial investment in science and technology promoted the economic growth of our country at a certain extent, but it was not significant; the overall performance was relatively ineffective; government's financial investment in science and technology was not enough.Finally, in light of the actual situation reality and the empirical results of the analysis, the paper put forward some related policies and recommendations hoping to provide useful experiences and lessons for the formulation of relevant policies and the full play of government's financial investment in science and technology.