Research On The Role Of China's R&D Investment In Economic Development

Since the industrial revolution in the 18 th century,human society has undergone a revolution in science and technology which promoted the productivity of the world rapidly;especially in Britain,France and the United States,etc,technological progress shows extremely powerful force upon economic growth.From the beginning of the establishment of the internal laboratory in Germany in nineteenth Century,many governments and enterprises have carried out various forms of R&D activities.Especially with the rapid economic growth,the consumption of resources has caused the problem of energy and environment pollution.To solve these problems and seek sustainable development,many countries?regions) pay more attention to the R&D activities and more resources into the R&D activities.At the same time,many economists argue that technological progress is an important source of economic growth,and it is advocated to increase investment in R&D.After the reform and opening up,China's rapid economic growth has attracted the attention of the world.But at the same time,there is an urgent resource and environmental constraints.Traditional development model with high investment and high consumption of resource has brought many economic and social problems.The change of economic development mode becomes inevitable choice.To realize the transformation of economic development mode is to carry out scientific and technological input,to play the role of technological progress in economic growth.The role of technological progress in China's economic growth is one of the focuses of the scholars who study the problem of economic growth in China.These show that it is necessary to study the effect of R&D on the economic growth of our country.So this paper mainly studies the impact of R&D investment on economic growth,industrial structure and regional disparity in China.This paper is divided into three parts.The first part of the research studies the relevant literature and sorts out the theoretical basis of the study and the R&D's international experience.The second part analyzes the current situation of R&D in our country,and then studies factors affecting the scale of R&D investment and analyzes the impact of R&D investment on economic growth and economic structure.In the third part,the paper puts forward some policy suggestions on increasing R&D input and improving the efficiency of R&D fund.The main contents of this paper are as follows:The first chapter is introduction.In this chapter,the research background,research significance are illustrated and a review of the literature is given;then the important concepts are defined;finally the framework,content and methods of research are described,and the focus of the study,and possible innovation points are listed.The second chapter is theoretical basis.In this chapter,Marx's theory that science and technology is the first productive force is studied;and then the role of R&D in the economic growth theory is analyzed,and the scientific development view and the new economic normality are illustrated.The third chapter is the international experience of R&D.In this chapter,the total amount,intensity and structure of R&D in the international community,and investigate the experience of R&D in the United States are analyzed.Some conclusions are launched that many countries?regions) generally increase R&D investment;the enterprises play a strong role in the R&D activities;in the structure of R&D funds,basic research accounted for a certain proportion,which guarantees the source of knowledge innovation.The U.S.government creates a good condition for R&D activities through the bill and policy formulation,accelerates the transformation of R&D results to the production under the conditions of the cooperation of industry,university and research.These provide experience for the R&D activity in our country.The fourth chapter is the present situation of R&D investment in China.In this chapter,the growth of R&D funds and personnel is analyzed,and it is found that the intensity of R&D funding is still insufficient.Then the structure of R&D expenditure,which mainly analyzes the gap of R&D investment between the provinces or regions are analyzed.Finally,the problem of the low investment of high tech industry R&D is revealed.The fifth chapter is the analysis of the factors affecting the scale of R&D investment.In this chapter,the important influencing factors of R&D investment scale,i.e.,the level of economic development,industrial structure,foreign direct investment,government funds,etc.,is analyzed and then panel data is used to verify the impact of these factors on the R&D of our country.It is found that the influence of these factors is different in different regions.In the eastern region,the level of economic development,industrial structure and foreign direct investment are important,the impact of government funds is not significant;in the central region,the level of economic development,foreign direct investment and government funds are important,and the impact of foreign direct investment is not significant;four factors in the western region are affected.From here,the corresponding measures should be taken to improve the scale of R&D investment.The sixth chapter is the analysis of the role of R&D input in economic growth.In this chapter,the impact of R&D investment on economic growth is analyzed,and then the relationship between R&D input and economic growth in China is studied.Finally,the relationship between R&D and economic growth in different regions of China is analyzed.The empirical result is that in the eastern region the elasticity of R&D input upon the economic growth is bigger than the material capital and labor input;in the western region,the elasticity of labor force is biggest.The reason for the difference of the elasticity of the R&D input is that the human capital,foreign direct investment,technology market and industrial structure are different in different regions.Therefore,the eastern and western regions should pay attention to the most important factor,while the western region should take the corresponding measures to improve the above factors.The seventh chapter is the analysis of the economic structure of R&D input.In this chapter,the influence path of R&D upon the economic structure is illustrated,and then the impact of R&D investment on the industrial structure and regional economic disparity is analyzed.It is found that the R&D investment promoted the upgrading of industrial structure in China.The eighth chapter is conclusions and policy recommendations.In this chapter,the conclusions of the research are summarized,and some suggestions are put forward to improve R&D investment and the efficiency of R&D investment.The innovation points of this paper are as follows:First,domestic and foreign scholars in the study of the role of R&D in economic development most concerned about the role of R&D investment in economic growth,and pay less attention to the role of R&D input in the process of convergence or expansion of the economy of different regions.In this chapter,the impact of R&D investment in the regional economic gap is analyzed.This is conducive for comprehension about the role of R&D in the economic system,and it will make a theoretical and empirical basis for the future research.Second,an empirical study is made on the factors that affect the scale of R&D investment in different regions,and it is found that these factors are different in different regions.Third,panel data is used to analyze the effect of R&D on economic growth in different regions,and in-depth analysis is carried out,which can improve the understanding of the process of transforming from R&D into productivity.This paper also has the following shortcomings:First,domestic and foreign scholars have found that there are a lot of factors affecting the scale of R&D investment.so this paper will inevitably omit some important factors.Second,there is no sufficient theoretical analysis in this paper in the R&D how to promote technological progress and how the R&D investment affects economic growth and economic structure.