|
|
|
| Study of Dynamic Relationship between Universities' R&D and Economic Development of China |
| Zhang Haiying1,2,Zhou Zhigang1,Zhu Yingchun3 |
| 1.College of Management and Economics,Tianjin University,Tianjin 300072,China;2.Cangzhou Normal University,Cangzhou 061001,China3.Chinese Academy of Science and Technology for Development,Beijing 100038,China |
|
|
|
|
Abstract We apply panel VAR approach,methods of impulse-response functions and variance decomposition to analyze the dynamic relationship between universities' R&D behavior and economic development from the statistical data of universities's R&D(URD) expenditure,economic growth and the ratio of tertiary industry over the period of 1999—2011.The main conclusions are as follows:There is interaction between URD and GDP,but not between URD and industrial restructure;In the short term,previous GDP growth significantly promoted current URD input by positive effect while previous URD input failed to promote GDP by negative effect;In the long run,variance contribution between URD input and GDP were both high.
|
|
Received: 26 November 2013
|
|
|
|
|
|
|
|
|
2014, Vol. 0 
