Title: Research on the relationship between government S&T investment and economic growth in China
Abstract: Based on the data from 1978 to 2008 released by China Statistical Bureau,this paper analyzes the relationship between government ST investment and economic growth by using Granger causality test and regression analysis.After detailed research,some conclusions have been drawn: there is a single way causality between government ST investment and economic growth from 1978 to 2008,and government ST investment is the main causation that brings about economic growth;the contribution rate of government ST investment to economic growth is about 20.48%.This fact shows that government ST investment drives economic growth to a certain extent,but the function is not very obvious.We should pay much attention not only to the gross of government ST investment but also to the structure and efficiency of government ST investment.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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