Comparative Research On Government's Financial Investment In Science And Technology To Enterprise And Its Effectiveness

The key to the implementation of innovation driven strategy in China is to construct the technological innovation system based on Enterprises,but on the one hand,there are problems of system failure and market failure in the process of national innovation system construction,on the other hand,China's enterprises is still relatively weak,which requires the government to take effective ways to support and encourage technological innovation of enterprises.The government supports the technological innovation of enterprises with finance by investing directly and tax incentives,and different ways can cause different influence.In recent years,the Chinese government continues to increase the support to enterprise technology innovation,how to choose the appropriate way to make government financial investment in science and technology can play a greater effectiveness is a problem to different levels of government.This thesis uses the data of China's high-tech industry statistical yearbook from 1996 to 2015,and comparatively studies different ways of Chinese government's investment to enterprise.First,this thesis expounds the theoretical basis of government's science and technology investment in enterprises,and analysis the characteristics and functions of government's direct investment and tax benefits of two kinds of input methods based on the division of enterprise's technological innovation stage.Considering the shortcomings of the existing research literature,this thesis presents an comparative analysis framework and chooses the analysis variables.This thesis analyzes the development trend and current situation of the government's financial investment in enterprises'science and technology and the innovation output.Secondly,this thesis uses the VAR model,on the one hand,comparing dynamic impact mechanism of enterprise R&D investment of government's direct investment and tax incentives with all enterprises' data;on the other hand,comparing dynamic impact mechanism of enterprise R&D investment of government's direct investment and tax incentives with data from different scale enterprises,different ownership enterprises and enterprises in different regions.And then,the thesis uses Douglas production function,analyzing and comparing the effects of two kinds of investment on the innovation of enterprises patent output and sales revenue of new products with data from all enterprises and data from different scale enterprises,different ownership enterprises and enterprises in different regions.Finally,this thesis summarizes the analysis conclusions and puts forward corresponding countermeasures and suggestions.