Empirical Analysis of the Influence of TNC's R&D Investment on the Innovation Capacity of Regions in China Based on Cointegration Test

Abstract

The paper first carries out statistical analysis of the data of transnational corporations' R&D investment and technological innovation capacity in various regions of China from 1997 to 2008, then tests the cointegration relationship between transnational corporations' R&D investment and technological innovation capacity in various regions of China, it concludes that there exists a long-term and stable relationship between the two, on the basis of OLS regression analysis, we draw some conclusions and recommendations.