Wang, Y. and Zhang, X. (2016) Quantitative analysis of R&D investment impact on agricultural economy based on panel data. International Journal of Database Theory and Application, 9 (3). pp. 61-72.
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Abstract
Agriculture is the basic industry of our country, the development of agricultural economy in relation to the overall goal of modernization in china. With the contribution of science and technology to economic growth gradually strengthen, countries will also application of science and technology to improve the competitiveness of the agricultural economy. In this paper, we analyze the influence of R&D investment on agricultural economy based on panel data, the result shows that: there exist a long-term stable equilibrium relationship between R&D investment and agricultural economy, the influence coefficient of R&D investment to agricultural GDP is 0.19. Meanwhile, agricultural researchers also have 0.10 elastic contributions to agricultural economic growth, so that agricultural talent is also an important factor of agricultural economy. Therefore, the government should strengthen investment in agricultural, improve the technological innovation ability and establish long-term mechanism of continuous fund supply for agricultural science and technology innovation.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | R&D Investment, agricultural economy; empirical analysis; panel data |
| Author Affiliation: | College of Economics and Management, Northeast Agricultural University, 150030 Harbin, China |
| Subjects: | Social Sciences > Agricultural Economics |
| Divisions: | General |
| Depositing User: | Mr T L Gautham |
| Date Deposited: | 02 Sep 2016 09:21 |
| Last Modified: | 02 Sep 2016 09:21 |
| URI: | http://eprints.icrisat.ac.in/id/eprint/14358 |
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