Research On The Impact Of Government Science And Technology Investment On Regional Innovation Performance

The rapid development of economic globalization makes the competition among countries increasingly fierce,and the key of economic competition lies in the competition of scientific and technological innovation.General Secretary Xi Jinping has pointed out that "scientific and technological innovation provides strategic support for improving social productivity and overall national strength,and must be placed at the core of China’s overall development." China’s government has more disposable resources,which can effectively solve the problem of market failure in scientific and technological innovation,and plays an important role in leading the long-term development of China’s scientific and technological innovation.Therefore,to study the impact of government investment in science and technology on regional innovation performance has theoretical significance and practical value for the long-term development of science and technology innovation in China.Firstly,this paper sorts out and studies domestic and foreign literature on government science and technology input,regional innovation performance and their relationship,and analyzes the mechanism of government science and technology input influencing regional innovation performance based on relevant economic theories.Secondly,this paper describes the current situation of government investment in science and technology from the perspectives of government investment in science and technology capital and science and technology manpower,and describes the current situation of regional innovation performance from the perspectives of innovation output,innovation transformation and economic benefits.Then,the sample data of 30 provinces and cities in China from 2011 to 2020 are collected and the fixed effect model is constructed to conduct the benchmark regression on the impact of government s&T input on regional innovation performance.On this basis,this paper selects the enterprise investment in science and technology,market-oriented degree and the degree of fiscal decentralization three variables of the government investment of science and technology influences the performance of regional innovation mechanism,selects the level of human capital accumulation,the district development level two variables influence on government science and technology human input test the mechanism of action of regional innovation performance.Studies have found that our government investment of science and technology,science and technology human input can significantly improve the performance of regional innovation,and the government scientific and technological manpower capital than the innovation performance of output effect is better,the government investment in science and technology innovation achievements transformation in the process of performance of regional innovation output of the promoting effect is poorer.Government investment in science and technology can improve regional innovation performance through the leverage effect of enterprise investment in science and technology,especially the transformation of innovation results depends very much on enterprise investment.The degree of marketization plays a decisive role in scientific and technological innovation.The higher the degree of fiscal decentralization of local governments,the more conducive to the long-term development of regional scientific and technological innovation.The human capital accumulation formed by the government’s continuous scientific and technological manpower input will greatly improve the input-output efficiency;The higher the regional R&D level,the more conducive to the accumulation of human capital,and then improve regional innovation performance.Based on the research conclusions and the actual situation in China,this paper puts forward relevant countermeasures and suggestions to promote government investment in science and technology to improve regional innovation performance.