Cointegration Analysis of Government R&D Investment and Economic Growth in China
Government R&D investment has been playing a very important role in the economic development. Based on the data from 1978 to 2008 issued by China Statistical Bureau, this paper analyzes the dynamic equilibrium relationship between government R&D investment and economic growth by using cointegration analysis in econometrics. The results show that there is stable long-term balancing relationship between the government R&D investment and economic growth in China, and government R&D investment is main causation which brings about economic growth.
Miao Hui Liu Fengchao
Dalian University of Technology,Dalian,P.R.China,116023
国际会议
The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)
武汉
英文
1349-1353
2010-12-04(万方平台首次上网日期,不代表论文的发表时间)