Xue Wei
Abstract
RD is important to the development of high technological industry.This paper applies empirical method to calculate the effect of RD by panel data.The result shows that high-tech industry RD input has high output elasticity and is important for the industrial development.But there exists some different among sub high-tech industries.
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RD is important to the development of high technological industry.This paper applies empirical method to calculate the effect of RD by panel data.The result shows that high-tech industry RD input has high output elasticity and is important for the industrial development.But there exists some different among sub high-tech industries.
Key concepts: Panel data, High tech, Output elasticity, China, Productivity, Industrial organization, Econometrics, Empirical research