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A Study On The Influence Of Financial Science And Technology Input On Innovation Output

Posted on:2021-05-09Degree:MasterType:Thesis
Country:ChinaCandidate:S FengFull Text:PDF
GTID:2439330623965511Subject:Public Finance
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Entering the 21 st century,science and technology innovation is the determinant to keep the national core competitiveness,and enhance the comprehensive national strength.Universities,research institutions and enterprises as the main body of technological innovation,are the main force to enhance the independent innovation ability,improve the national innovation system,construct the topping great power of the word.Fiscal expenditure on science and technology is the important sources of founds for universities,research institutions and enterprise to carry out research and development activities and organize innovation.This article mainly from the perspective of government and the body of research and development to study the effect of fiscal expenditure on science and technology on innovation output.Based on the theory of market failure and government intervention,Schumpeter's innovation theory,endogenous growth theory and knowledge production function,this paper discusses the phenomenon of market failure in the field of innovation and technological innovation in the development of social economy,expound the status and role of government in the innovation and development.At the same time,according to the different attributes and characteristics of R&D activities,expound the necessity of government support in the basic research,applied research and experimental development activities.According to the research main body function orientation,analyze the function of universities,research institutes and enterprise in the innovative development.All the analysis lay a theoretical and practical foundation for the fiscal expenditure on science and technology on innovation output.On the basis of theoretical analysis,combining qualitative and quantitative analysis method,the fiscal expenditure on science and technology of the nation,the central,the local and the region are analyzed.And then to develop the body of research and development as an object,based on the 2008-2018 data,analyze the stylized facts of universities,research and development institutions and enterprises about fiscal expenditure on science and technology,R&D funds and innovation output facts,andsummarize their law of development.The size of the overall output of fiscal expenditure on science and technology and innovation output are showing a rising trend.From the point of growth,both as a whole and the body of research and development,the growth rate of fiscal expenditure on science and technology isn't stable.on innovation output,each subject show different growth rate and the growth is a trend of fluctuations.On fiscal expenditure on science and technology,financial investment in science and technology are lack of long-term,stable growth mechanism.Compared with developed countries,we are short of R&D funds in our country and the proportion of fiscal expenditure on science and technology is lower.It is reflected that government financial support is weak.Besides,the government financial support on basic research is insufficient.This shows that there is connection during the phenomenon of appreciate experimental development activities and despise the basic research and the imbalance on fiscal expenditure on science and technology.Although the scale of fiscal expenditure on science and technology is growing,there is still a large gap on science and technology innovation output level,compared with the developed countries.About the main research body innovation output,science and technology thesis growth rate is lower than the growth rate of government funds,the output of basic innovation theory is inadequate,research and development institutions innovation output doesn't form a stable growth mechanism,enterprise innovation achievements in the application of the technology market needs to be strengthened.Using the data of 30 provinces from 2009 to 2018 to establish a dynamic panel model,using system GMM method,on the whole fiscal expenditure on science and technology to analyze the effect on fiscal expenditure on science and technology on innovation output.The results found that fiscal expenditure on science and technology can promote the innovation and development.At the same time,using the data of 30 provinces from 2009 to 2018 to establish a dynamic panel model,using system GMM method,to research the the effect on fiscal expenditure on science and technology on innovation output the main body.The analysis shows that the effect of fiscalexpenditure on universities and research institutes are the positive incentive,the positive incentive on research institutions are weaker than universities.To the enterprise,fiscal expenditure on science and technology has reverse effect on the innovation output.It has suppressed the promotion of innovation.Finally,based on the above research,and puts forward relevant countermeasures and suggestions.Fiscal expenditure for science and technology is conducive to raising the level of innovation in the society and should increase the fiscal expenditure scale of science and technology,improve the fiscal expenditure of science and technology structure,increase the scale of the basic research,applied research,coordinate the fiscal expenditure of science and technology structure during the central and local government,enhance the support of central and western provinces.To the universities,research institutions and enterprises,use different fiscal expenditure on science and technology.the universities and research institutions should be strengthen financial support of science and technology,the enterprise should focus more on tax,financial policy support.At the same time,it need establish stable increase mechanism of fiscal expenditure on science and technology.To strengthen manufacture-learning-research cooperation,improve the efficiency of transformation of scientific and technological achievements,to strengthen the performance evaluation of fiscal expenditure on science and technology.
Keywords/Search Tags:fiscal science and technology input, Innovation output, Research and development subject
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