中国政府推动高技术产业化投资效果的实证研究
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| Title | The Impact of Government Introduced the Investment of High-tech industrialization on the Firm Performance
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| 作者 | 郑世林 刘和旺 |
| Author | Zheng Shilin and Liu Hewang |
| 作者单位 | 中国社会科学院数量经济与技术经济研究所,湖北大学经济学院 |
| Organization | Institute of Quantitative and Technical Economics, CASS; Hubei University |
| 作者Email | zhengsl@cass.org.cn,hewliu@126.com |
| 中文关键词 | 政府资助 高技术产业化 R&D投入 科研成果商业化 投资效果 |
| Key Words | Government Financing; High-tech Industrialization; R&D Investment; Commercialization; Investment Performance |
| 内容提要 | 政府推动高技术产业化专项投资目前已成为中国培育战略性新兴产业的重要举措。本文以“十五”期间高技术产业化专项企业调查数据为样本，实证分析了政府推动高技术产业化专项投资的效果。研究发现，专项投资不仅促进了企业R&D投入增加和科研成果商业化与规模化，而且也提升了企业的技术水平和国内、国际竞争力，但是难以提高企业R&D投入努力程度和劳动生产率。进一步研究发现，在专项投资来源中，银行贷款投资效果最好，但中央资助和地方政府配套资金使用效果较差，主要表现为：中央资助比重越高，企业R&D投入越低，且企业存在通过虚增资产套取额外资助现象；地方配套资金比重越高，企业劳动生产率越低。研究结果表明，作为发展中国家，中国政府推动高技术产业化对于培育战略性新兴产业具有积极意义，但政府资助金的使用效果亟待改进。 |
| Abstract | In China, Government introduced the investment of high-tech industrialization has become the significant way to nurture and develop the emerging industries of strategic importance. Employing the survey data from hi-tech industry, we estimate empirically the effect of government introduced the investment of high-tech industrialization on the firm performance. We found that the specific investment not only promoted enterprises’ R&D investment and scientific research commercialization and large-scale production, but also ultimately enhanced its technological level and domestic and international competitiveness. However, the specific investment difficultly improved the efforts level of the R&D investment and labor productivity. Then, we also estimated the effect of various investment resources on the enterprises’ performance. The results showed that the investment from the bank loan has the best performance, while the investment from the central and local government financing gained the least performance. The proportion of central government financing was negatively significantly correlated with enterprise R&D investment. Moreover, a few of enterprises got more financing through improperly increasing the project of investment. In additional, the proportion of local government financing has the negative impact on the labor productivity of enterprises. This study indicates that government introduced the investment of high-tech industrialization plays a vital role in nurturing the merging industries of strategic importance in China. Nevertheless, it is necessary to improve the performance of the government financing. |
| 文章编号 | WP334 |
| 登载时间 | 2012-08-13 |
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