Legal Constraints or Aggregate Individual Characteristics? Examining Factors of State R&D Intensity and Spending in the U.S.: Dynamic Panel Data Analysis

The 21st Annual International Conference on Digital Government Research Pub Date : 2020-06-15 DOI:10.1145/3396956.3397003

Koomin Kim

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Abstract

Considering the importance of R&D development and significant growth in R&D sector in the information technology era, it is crucial to examine the effect of budgetary institutions and aggregate individual characteristics. In this regards, this study empirically examines the impact of legal constraints and aggregate individual characteristics on state R&D related funding and expenditures by applying a system GMM analysis during the 17-year period (2000-2016).Several new findings are identified in this study. Budgetary institutions including legislative term limits and supermajority requirement effect state innovative capacity, and state R&D spending. State development and human capacity promote innovative capacity and R&D development, and Catholic work ethic enhances innovative capacity. Fiscal burden prevents states from promoting innovative capacity and R&D development, whereas economic downturn can serve as a motivator for additional spending on R&D activities for enhancing innovative capacity and R&D development. Further, these significant factors also reveal the long-term effect.

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法律约束还是个人特征?美国国家研发强度与投入的影响因素:动态面板数据分析

考虑到信息技术时代研发发展的重要性和研发部门的显著增长，研究预算制度和总体个体特征的影响至关重要。在此基础上，本文运用系统GMM分析方法，实证考察了2000-2016年17年间法律约束和总体个体特征对国家研发相关资金支出的影响。在这项研究中发现了几个新的发现。包括立法任期限制和绝对多数要求在内的预算制度对国家创新能力和国家研发支出产生影响。国家发展和人的能力促进创新能力和研发发展，天主教职业道德促进创新能力。财政负担阻碍了国家促进创新能力和研发发展，而经济衰退可以作为国家增加研发活动支出以提高创新能力和研发发展的动力。此外，这些显著因素也揭示了长期影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The 21st Annual International Conference on Digital Government Research

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