TITLE:
Analysis of Incentive Effects of Government R & D Investment on Technology Transaction
AUTHORS:
Yufeng Zhong
KEYWORDS:
Government R & D Investment, Technology Transaction, Fixed Effect Model
JOURNAL NAME:
Modern Economy,
Vol.8 No.1,
January
17,
2017
ABSTRACT: With panel data of 25 provinces from 2009 to 2014 and
the internal expenditure of R & D derived from the government as the measure of the government’s R & D input
in the region, the fixed effect model is adopted to analyze the influence of
the government R & D investment on technology transaction. Empirical results show that
technology transaction will be promoted significantly with the increase of
government R & D investment. Therefore, the technology transaction can be effectively
stimulated by adding the R & D investment from government to make more technological innovation
achieve the transfer and commercialization.