R&D Input Promotes Economic Development in China: Capital Attribute or InnovationIncentive Attribute?
Wang Shenling1,Wang Liangyong2
1.School of Statistics and Applied Mathematics,Anhui University of Finance and Economics,Bengbu 233030,China; 2.Academy of Marxism,Anhui University of Finance and Economics,Bengbu 233030,China
Abstract：On the basis of the real option characteristics of R&D input,we divided it into the capital attribute and the innovation incentive attribute according to its action path to the economic development,and made a new design for the Black-Scholes pricing model.On this basis,we measured the amount of R&D funds which was only as capital in a certain level of technology and economic development.We compared the measured value with actual R&D input,and found that the innovation incentive attribute had more significant effect on Chinese economic development.However,the role of capital attributes on economic development had increased from 2007 to 2014.The increasing R&D input had increasingly shown its capital attributes.In view of the continuous improvement of R&D intensity over years,we proposed to make some adjustments to R&D investment structure and scale in China.
王申令,王良永. 研发经费投入促进经济发展: 是资本属性还是创新激励属性[J]. 中国科技论坛, 2018(2): 38-45.
Wang Shenling,Wang Liangyong. R&D Input Promotes Economic Development in China: Capital Attribute or InnovationIncentive Attribute?. , 2018(2): 38-45.
2018, 
