Government R&D Investment And Industrial Structure Upgrading

Under the background of "one belt and one road" initiative,China's economic and cultural links with other countries along the way are becoming more and more closely linked,helping China's rapid economic growth.However,due to the prevailing tide of anti-globalization,Sino-US trade frictions become more and more intense,and the continuous appreciation of RMB,China's manufacturing exports are hindered,and traditional industries are facing a threat to survival.In the face of the crisis,only by continuously increasing R&D investment,enhancing product added value and promoting industrial upgrading,can we enhance the international competitiveness of products.As the main body of technological innovation activities,government R&D investment plays an important role in domestic economic transformation and industrial structure upgrading.This paper first explores the relationship between government R&D investment and industrial structure upgrading using provincial panel data from 2004 to 2015.In order to avoid pseudo-regression,it also makes an empirical regression between government R&D investment and industrial structure upgrading and industrial structure rationalization.Considering the mechanism through which government R&D investment affects the upgrading of industrial structure,technology innovation is introduced,and the impact of government R&D investment on the upgrading of industrial structure is analyzed through intermediary effect.In addition,in view of the impact of variable selection on the estimation results,this paper uses the method of replacing variables to test robustness.This paper theoretically analyses the relationship between government R&D investment and industrial structure upgrading.At present,China's,A large number of core technology products need to rely on imports.However,with the increasing awareness of protectionism in various countries,the export of high-tech products has been restricted by Western countries,and high-tech products are often in an embarrassing situation.Therefore,our government departments have formed a preference for investment in high-tech industries and emerging industries to promote the upgrading of industrial structure.Technological innovation activity is a long-term high-risk activity.Enterprises' enthusiasm for technological innovation is not high.Government R&D investment disperses the risk of technological innovation,forms complementary government and enterprise funds,transforms government R&D investment into technological innovation effect,and thus promotes the upgrading of industrial structure.According to the theoretical analysis,the baseline regression equation and the mediation effect equation were established,and the fixed effect method was used for regression.Through regression analysis,it is found that government R&D investment can promote industrial structure upgrading,industrial structure upgrading and industrial structure rationalization;government R&D investment can promote industrial structure upgrading,industrial structure rationalization and upgrading through technological innovation technology,and the intermediary effect of technological innovation is significant.According to the empirical conclusions,put forward the following suggestions: First,the government should pay attention to government R&D investment.In order to ensure the sustainable development of the economy,the government departments must pay attention to the direction of financial expenditure,ensure the level of technological innovation,so as to promote the upgrading of industrial structure.Secondly,after the government R&D support funds enter the enterprises,it is necessary to supervise the use of R&D funds and pay attention to the ways of using government R&D funds regularly.Only in this way can we maximize the complementary effect of government and enterprise funds,and promote the upgrading of industrial structure by enhancing the synergy between industries,optimizing the allocation of resources and enhancing labor productivity.Through the theoretical basis of the article,we can see that technological innovation is the main driving force for upgrading the industrial structure.Thirdly,the government's R&D investment incentive behavior promotes technological innovation.The government should attach importance to more incentive behavior,explore more scientific and reasonable incentive behavior,promote the improvement of technological innovation level,and constantly promote the upgrading of industrial structure.