The research of innovation efficiency of governments fund and enterprises RD investment in China | Zendy

Xiaobing Liu | Zendy; Manhong Liu | Zendy; Shi Rong | Zendy

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The research of innovation efficiency of governments fund and enterprises RD investment in China

Author(s) -

Xiaobing Liu,

Manhong Liu,

Shi Rong

Publication year - 2018

Publication title -

african journal of business management

Language(s) - English

Resource type - Journals

ISSN - 1993-8233

DOI - 10.5897/ajbm2018.8499

Subject(s) - investment (military) , china , government (linguistics) , stochastic frontier analysis , investment fund , business , economics , finance , political science , microeconomics , philosophy , production (economics) , politics , market liquidity , law , linguistics

In this paper, the panel data of China from 2003 to 2012 and stochastic frontier and threshold regression models were used to analyze the impact of government’s fund and enterprises’ research and development (RD enterprises’ R&D investment can promote innovation efficiency, meaning "market failure" phenomenon will be less. The optimal interval of investment intensity is 0.288 or above and the optimal interval of R&D investing intensity coefficient is between 0.688 and 0.775. Key words: Government R&D fund, enterprise R&D investment, innovation efficiency.

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