Research on the Effectiveness of Technology Innovation Investment on Total Factor Productivity
نویسندگان
چکیده
Technology innovation is an important impacting factor for the change of total factor productivity. DEA-Malmquist index method is used to calculate the TFP in China from 1995 to 2014. It shows that R&D expenditure intensity and TFP have strong relationship based on the calculated grey relational analysis between R&D expenditure intensity, personnel FTE with TFP in this article. Moreover, we use econometric model to test the cointegration of the three kinds of R&D activity: basic research, applied research and experimental development with TFP, which further indicated that there are significant positive impact of experimental development on the development of TFP. However, the insufficient investment of basic and applied research is reflected on the econometric model analysis. Finally, we put forward some policy recommendations in view of the above analysis.
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