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Government R&D Funding and Basic Research Investment——An Empirical Study from the Perspective of Industry-University-Research Relationship |
Chen Zitao1, Zhang Runqiang2, Yuan Meng2 |
1. School of Media and Communication,Shanghai Jiao tong University,Shanghai 200240,China; 2. School of Public Policy and Administration,Xi'an Jiao tong University,Xi'an 710049,China |
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Abstract Basic research is the basis for achieving scientific and technological self-reliance and self-improvement.Government R&D funding is the key way to ensure enough investment in basic research.This paper analyzes the signal effect and the cooperation effect of government R&D funding on basic research investment from the perspective of industry-university-research relationship,taking universities and research institutes as the research objects.The findings are followed.①Government R&D funding for universities and enterprises reduces basic research investment in research institutes,but government R&D funding for research institutes and enterprises has no significant effect on basic research investment in universities.②Tighter cooperation with enterprises disrupts the decision of universities to apply government R&D funding and negatively affects basic research investment,but drives research institutes to seek more government R&D funding for basic research.This paper reveals that the objects selection has impact on the effect of government R&D funding,and that the industry-university-research relationship is the significant factor to optimized the government R&D funding for the growth of investment in basic research.
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Received: 05 May 2023
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