The Study On The Financial Investment Pattern Of Wuhan Agricultural Science And Technology

Agricultural science and technology investment is a critical factor in promoting agricultural science and technology innovation and progress. In our country, the demand on agricultural science and technology investment is booming with the development of agricultural science and technology. Therefore, a scientific research on the investment model is indispensable. Now the main problem in this field is as follow: on one hand, the gap between the investment quantity and the real demand is enlarging quickly; and on the other hand, a lot of investment has been wasted because of unreasonable and repeating investment projects which have resulted in low efficiency of fund utility. Therefore carrying out the research of agricultural science and technology investment is beneficial for establishment of a scientific agricultural science and technology investment mechanism and the improvement of efficiency in fund using.Given the differences of resources allocation and development environment, the relationship between scientific input and output in different areas are not always the same. As the largest economic center and a super-level large-scale city in the middle area of China, Wuhan runs number three in terms of its scientific research abilities across the whole country. Thus the way it runs the investment in agricultural science and technologyis important and representative. Research in these investment models will provide valuable implications for other similar medium-sized and large scale cities.This paper takes financial agricultural science and technology investment of Wuhan as the research object with the aim of the exploration of an effective agricultural science and technology investment model for big cities in china.Firstly the thesis discusses deeply in relationship among objective, investment path and mechanismof agricultural science and technglogy. Also it inlustrates the definition of agricultural science and technology investment from the perspectives of investment object, institution, industrialization and industrial structure. In the light of these four main factors which effect the investment of agricultural science and technology in Wuhan, this paper has been setting up an analysis frame in order to describing the mutual influence among objective, path, mechanism and performance.This paper takes close analysis in allocation and disposition of financial agricultural science and technology investement in Wuhan in recent 15 years. According to the performance and achievement in running of these funds, five models of financial agricultural science and technology investement are put forward as follow: government-research institution-theoretic research investment model; government-research institution-applicational. research investment model; government-promoting agencies-application research investment model; government-research institution-applicational research investment model; government-enterprises-industrialization investment model. Furthermore, we also inlustrate theoretic proofs which are back up these different models according the history conditions of economy development and science and teconolegy denvelopment in different periods.This paper indicates several problems of the financial agricultural science and technology investment in Wuhan as follow: small investment quanqity; dispersive fund allocation; the low investment intensity; the unreasonable investment structure; the lack of continuity in investment; the ambiguous ownership of research achievements.This paper takes close attention to improvement of financial agricultural science and technology investement model. Main fosuses are as follow: First, the objective of the agricultural science and technology investment has been defined, which including increase of agricultural Products quality and farmers' income, improvement of scientific innovation capacity and competitiveness, anti-disaster capacity of agriculeture producing and the comparative efficiency; Second, the principles on improvement of agricultural science and technology investment in Wuhan have been given; Third, the two core financial agricultural science and technology investment models have been provided as government-enterprises-industrialization model and government-research institutes-basic research investment model. This paper indicats that both enterprises and farmers should act as effect investment subjects so that a multiple-investment subjects structure can be formed. In reference to the investment objects, the science and technology entity combined with industry, colleges and research institutions should be the main targets. Industries with resources comparative advantages shoud own the priority to capture the investement fund. Considering to the investment structure, basic level research and industrialization research should be prior; and the advanced biotechnology research should be the choice of better investment path. Fourth, the operation mechanism of financial agricultural science and technology investment has been checked and five mechanisms are concluded as follow: market inducing mechanism; a management mechanism with fairness, justice and openness; a scientific and effective interest mediation mechanism; an incentive mechanism taking ownership as the principle; sustainable investment mechanism for key and essential scientific research projects.On the basis of a comprehensive discussion and analysis on financial agricultural science and technology investment model in Wuhan, this paper brings out some suggestions as follow: increase the government investment, enlarge the input channel, point out the main input field, and select the efficient investment model, enhenthen the management of the foundation and so on.