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The Spillover Effects of R&D on China’s Economic Growth

Pang Zhen

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Abstract

The RD is the most creative and innovative activities of science and technology,and is the main power of promoting economic and social development.In this paper,we use the times series data from 1991 to 2011 to analyze the spillover effect of RD on China’s economic growth,the results show that RD investment in China have positive promoting effect on economic growth.Therefore,the government should optimize the structure of RD,and achieve the optimal allocation of RD resources.

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What this paper is about

The RD is the most creative and innovative activities of science and technology,and is the main power of promoting economic and social development.In this paper,we use the times series data from 1991 to 2011 to analyze the spillover effect of RD on China’s economic growth,the results show that RD investment in China have positive promoting effect on economic growth.Therefore,the government should optimize the structure of RD,and achieve the optimal allocation of RD resources.

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Available abstract

The RD is the most creative and innovative activities of science and technology,and is the main power of promoting economic and social development.In this paper,we use the times series data from 1991 to 2011 to analyze the spillover effect of RD on China’s economic growth,the results show that RD investment in China have positive promoting effect on economic growth.Therefore,the government should optimize the structure of RD,and achieve the optimal allocation of RD resources.

Key concepts: Spillover effect, China, Investment (military), Economics, Government (linguistics), Economic system, Macroeconomics, Political science

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