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Academic Journal of Business & Management, 2023, 5(6); doi: 10.25236/AJBM.2023.050618.

The Impact of R&D Input of High Tech Industries in the Silk Road Economic Belt on the Innovation Output of Enterprises

Author(s)

Weiheng Zhou, Anping Huang

Corresponding Author:
Anping Huang
Affiliation(s)

School of Economics, Guangxi University, Nanning, China

Abstract

The Silk Road Economic Belt is an important strategy of China at present and a reflection of China's adherence to opening up. While China's economy is in the stage of transformation from high-speed development to high-quality development, the implementation of innovation driven strategy is an effective means to speed up the transformation. Using panel data of high-tech industries in 9 provincial administrative divisions along the Silk Road Economic Belt from 2009 to 2016 to empirically analyze the relationship between government R&D funding, enterprise R&D expenditure and enterprise innovation output. According to BP-LM test and Hausman test, the fixed effect model was finally selected for regression analysis. The results show that the government's direct investment in R&D of high-tech enterprises and the enterprise's own investment in R&D can promote the innovation output of enterprises. The impact coefficient of the enterprise's investment in human factors on the innovation output of enterprises is negative, but not significant. Based on the above research results, this paper puts forward suggestions for the government to introduce relevant R&D support policies to improve the effect of government R&D subsidies.

Keywords

Silk Road Economic Belt; R&D input; High technology industry; Innovation output

Cite This Paper

Weiheng Zhou, Anping Huang. The Impact of R&D Input of High Tech Industries in the Silk Road Economic Belt on the Innovation Output of Enterprises. Academic Journal of Business & Management (2023) Vol. 5, Issue 6: 122-126. https://doi.org/10.25236/AJBM.2023.050618.

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