The Study On R&D Spillover Effect Of State-owned Enterprises

The spillover effect of R&D in state-owned enterprises is the externality of R&D activities generated by state-owned enterprises.In the case of domestic enterprises only,the spillover effect of SOEs,especially the R&D activities of state-owned enterprises,has an impact on the production activities of private enterprises.The reason for the study of the spillover effect of R&D in state-owned enterprises is that the R&D spillover effect of the state-owned enterprises is of great significance to the economic development.On the other hand,in the R&D activities of enterprises,a large number of R&D spillovers are often generated.This spillover effect has a strong positive spillover effect,which often leads to the lack of R&D investment,which results in market failure.In this case,the state-owned enterprises to increase investment in R&D can effectively compensate for market failure,continue to provide R&D strong spillover effect for other ownership enterprises,accelerate the ownership of other enterprises to enhance the level of quality,effectively promote the industry to improve the level of efficiency and adjust the industrial structure,has a very important role in the economic development of the domestic industry.On the other hand,in the R&D activities of enterprises,a large number of R&D spillovers are often generated.This spillover effect has a strong positive spillover effect,which often leads to the lack of R&D investment and results in market failure.In this case,State-owned enterprises need to increase investment in R&D,state-owned enterprises can effectively compensate for market failure and continue to provide a strong spillover effect of R&D for various industries and accelerate other ownership enterprises to enhance the level of quality and effectively promote the industry to improve the level of efficiency and the adjustment of industrial structure.State-owned enterprises play a very important role in the economic development of the domestic industry.In this study,using of private enterprises as a contrast analysis,I do not take into account the social functions and roles of state-owned enterprises.I only study the 27 manufacturing industries from the economic level and we do a research on R&D spillover effect of state-owned enterprises through the analysis of current situation,theoretical and empirical study which connect the static and dynamic.This paper demonstrates the existence of R&D spillover effect in state-owned enterprises and analyzes the effect of R&D spillover effect on TFP in state-owned enterprises Through research,I obtained 4 basic conclusions: 1.state-owned enterprises R&D spillover effect has an influence on private enterprises and has a certain lag;2.state-owned enterprises R&D investment impact on private enterprises,showing a short-term and long-term squeeze out the phenomenon;R&D spillover effects of the 3.private enterprises can stimulate the whole industry to improve in a short period of TFP in the development of state-owned enterprises;4.R&D spillover effect can promote the whole industry TFP.Finally,the conclusions and policy suggestions are given.