Analysis of the effect of government funds, enterprise funds in industry innovation of high-tech industry — A view based on factor input

2016 International Conference on Management Science and Engineering (ICMSE) Pub Date : 2016-08-01 DOI:10.1109/ICMSE.2016.8365446

Decheng Fan, Zhi-long Song, Lin Fang

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引用次数: 1

Abstract

Firstly, by applying translog cost function and China's provincial data of 1998 to 2014, to estimate the high-tech industry innovation cost function. Secondly, this paper analyses the elastic relationship between government funds, enterprise funds and the cost of innovation; elastic relationship between government funds, enterprise funds and innovation cost share; the substitution relation between innovative personnel and fixed assets in scientific and technological activities; and government funds and enterprise funds alternative relation. The research results indicate that: (1) the impact of enterprise funds on innovation cost is relatively large, enterprise funds increased to help reduce the cost of innovation. The impact of government funds on innovation costs is relatively small. (2) Government funds, enterprise funds for innovation and investment factors cost share has the same effect. They produce positive direction on the innovation labor, and an impact in the opposite direction of fixed assets. (3) The substitution elasticity coefficient between the innovation labor and the fixed assets is greater than 1, and the innovative labor can replace the fixed assets to a certain extent. (4) The substitution elasticity between the government funds and the enterprise funds is less than 1, and the difficulty of mutual substitution between the government funds and the enterprise funds is relatively large.

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政府资金、企业资金在高新技术产业创新中的作用分析——基于要素投入的视角

首先，运用超对数成本函数和中国1998 - 2014年各省数据，估算高技术产业创新成本函数。其次，分析了政府资金、企业资金与创新成本之间的弹性关系;政府资金、企业资金与创新成本分担的弹性关系科技活动中创新人才与固定资产的替代关系以及政府资金与企业资金的替代关系。研究结果表明:(1)企业资金对创新成本的影响比较大，企业资金的增加有助于降低创新成本。政府资金对创新成本的影响相对较小。(2)政府资金、企业创新资金与投资要素成本分担具有相同的效果。它们对创新劳动产生正向影响，对固定资产产生反向影响。(3)创新劳动与固定资产之间的替代弹性系数大于1，创新劳动可以在一定程度上替代固定资产。(4)政府资金与企业资金之间的替代弹性小于1，政府资金与企业资金之间相互替代的难度较大。

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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2016 International Conference on Management Science and Engineering (ICMSE)

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