The effect and enterprise diffence of factor market distortion on R&D input:An empirical analysis of China's high-tech industries

This article utilizes the index of factor market distortion and the inter — provincial panel data of China' s high — tech industries during the period of 1997 to 2009 to make an empirical study of factors market distortions influence on the RD input.The results show that factor market distortion has significantly different effects on RD capital investment and RD manpower input.It has an negative impact on the RD capital investment,but promotes RD manpower input.Moreover,After the WTO,the negative impact on the RD capital investment declines,the impact on RD manpower input changes to be insignificant.There are regional differences of factors market distortions influence on the RD input,and enterprise features play an important role.In the enterprise of larger scale,or higher openness,or high capital intensive,the negative impact on the RD input is smaller.In addition,new product demands,financing environment,financial investment and intellectual property protection are all important environmental factors which affect RD input.