Research On The Impact Of Government Technology Investment On Corporate R&D Investment

Innovation has become the main driving force of economic and social development, and innovation ability is the core element of national competitiveness.R&D is an important part of innovation, the quality of R&D activities determines the level of scientific and technological development, and R&D investment is the main factor affecting the quality of R&D activities. So R&D investment is an important indicator to measure a country's scientific and technological innovation capability.Improving the input of science and technology is conducive to improve the overall level of science and technology.First, from the government and government funded science and technology provides reasons affecting the government's investment in science and technology R&D institutions in two aspects, and then use the combination of text and data description of the status quo of government science and technology investment,including the size, strength and structure. Considering the enterprise is the object of government investment in science and technology, this paper discusses from two aspects of internal and external causes of corporate R&D investment, and also combined with text and data illustrate the status of R&D investment, including the size, strength and structure. As universities, research institutes and enterprises are the object of government investment in science and technology, the three closely related,research is the embodiment of the close relationship between the three, so the next to discuss the mode of production and research cooperation.Through the theory of government investment in science and technology investment to the enterprise R&D investment mechanism, mainly from two aspects of the direct and indirect government investment in science and technology, how to affect enterprise R&D investment. Transmission media direct influence mainly is the enterprise, and the indirect effect is the main transmission medium of universities and research institutes, they are the object of government science and technology investment, the government's investment in science and technology policy tools. The government adopts different policy tools for enterprise R&D investment effect, in addition to various policy instruments on the unilateral effects of corporate R&D investment outside, between the various policy tools will also influence each other, so this chapter from direct and indirect interaction and influence three aspects between government investment in science and technology policy tool interactive influence on corporate R&D investment effect.Next, through the empirical test of the mechanism, the main use of the basic regression model based on FGLS and extended regression model to test. The industrial enterprises above the scale of 2009 to 2013 the provincial panel data in the basic regression model confirmed the basis of government funded science and technology strength has effects on the R&D investment on the expansion and re-examination of the regression model. Based on the perspective of system development, extended model add interaction terms, and grouping regression of the data, so as to investigate the system in enterprises by the change of the government funded R&D strength of public R&D investment leverage. Effectively solve the problem of uncertainty caused by universities heteroscedasticity between groups and research institutions on corporate R&D investment leverage, also explains why the previous government agencies to provide research and development enterprise R&D investment effect is not consistent.Through theoretical analysis and empirical test, the paper draws a conclusion and points out the problems to be further studied. Government investment in science and technology policies are often cross used,which canrnot simply look at the implementation of the various policies. Various policy instruments will influence each other,so that the government's investment in science and technology will produce changes in the overall effect of R&D investment. Therefore,governments at all levels in the development of science and technology policy, should pay attention to changes in leverage effect caused by different regions, in the provision of research institutions,must be carefully considered, the rational allocation of resources, to avoid crowding out the original enterprise R&D investment area.