Proper Size , Investment Pattern of Target R & D Intensity and the Choice of China
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| Title | Proper Size , Investment Pattern of Target R & D Intensity and the Choice of China
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| Author | Sun Xijie |
| Organization | Tsinghua University |
| Email | sun.xi.jie@263.net |
| Key Words | R&D Investment ; Optimal R&D Intensity ; R&D Investment Pattern |
| Abstract | The goal of R & D intensity is the central issue of catching-up countries to develop economic through innovation development strategy. By the analysis of theory-related research of the new economy growth, this paper point out that the theoretical calculation of the optimum R&D is difficult to achieve in reality and does not has the policy guidance significance, because of the hard measure of R&D income as well as of the "non-final products' attributes of R&D outputs. The longitudinal and cross-country analysis of R&D time series data shows that R&D intensity should be maintained at the appropriate scale, it’s too high or too low to conducive to economic development. Historical analysis of the evolution of R&D intensity shows that there are "government-led" and "government – business led jointly" pattern for the increase of R&D intensity. "Government – business led jointly" mode is more appropriate for China to rise R&D investment. Opposed to spending for R&D, it is more fundamental to improve the innovation system for the formation of the institutional and cultural environment which is conducive to innovation. |
| Serial Number | WP373 |
| Time | 2012-09-27 |
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