An Empirical Study On The Influence Of Government Investment In Science And Technology On Local Economic Growth

Along with the development of the science and education in our country and the talent power strategy,cities combined with local realities to speed up the innovation system construction,the government is also increasing investment in science and technology.university in its mission,its value firstly embodies in promoting economic development and social progress,in order to transport continuously innovation and innovative talents for urban,for the industrialization and modernization of the city to provide necessary scientific knowledge and technical ability.and research and development activities is the core of the university of technology innovation,the investment mainly contain financial input and human capital investment,however,whether the government investment in science and technology in universities to achieve the expected effect,and different types of universities in the impact of government investment on economic growth is not known.Research universities,therefore,the impact of government expenditure on economic growth of science and technology,perfect the universities of science and technology input mechanism of government,improve the transformation of scientific research achievements in colleges is of great significance to the development of modern society,which become an urgent problem to be solved.In view of this,use the relevant data of 286 city between 2005 and 2012,and use panel data model to analyze the government of the different types of universities of science and technology investment.Considering the lag effect,after the use of the static panel data model analysis,the dynamic panel data model is used,joined the lag period of economic growth,the lag of fixed capital and the lag of three kinds of universities of science and technology funds input by government as explanatory variables.Study found that:(1)At present,for universities in our country the funds investment of science and technology is insufficient,universities of science and technology fund accounts for a lower proportion of R&D expenses;(2)The impact of scientific and technological input on economic growth is not high in 211 universities,in the short term of higher junior college influence coefficient is greater than the ordinary undergraduate course school.(3)The universities scientific research institution and mechanism innovation results in the scientific research achievements transformation ability of universities is not high,universities of science and technology the influence coefficient of expenditure on economic growth is lower thancapital,labor,foreign investment,industrialization level,and compared with the static data model,in the dynamic data mode,the influence coefficient of university of science and technology investment to economic growth is much smaller.Based on these findings,this paper puts forward the following suggestions:multiple financing to enhance investment in universities of science and technology,optimize the investment structure,innovation of scientific research management mechanism to increase the output capacity and transformation of scientific and technological achievements.