Empirical Study on the Relationship between R&D Expenditure and GDP in Guangdong Province
- DOI
- 10.2991/icesem-18.2018.224How to use a DOI?
- Keywords
- R&D; Guangdong Province; VAR model; Impulse response function
- Abstract
R&D activities are highly valued by countries around the world for their creativity and novelty. After the introduction of the concept of R&D in the 1980s to China, Chinese scholars have never stopped the research on the effect of R&D expenditure on economic growth. This paper selects the R&D expenditures and GDP data of Guangdong Province from 2000 to 2013, studies the relationship between R&D expenditure and GDP with the help of the impulse response function in VAR model, and draws a conclusion that the R&D expenditure has a positive effect on GDP growth and GDP growth has a “lagging effect” on R&D expenditure. Finally, by analyzing the relationship between the above two, this paper also puts forward some suggestions for the government and companies with respect to their R&D expenditure.
- Copyright
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Jinghua Hu AU - Yue Lan PY - 2018/08 DA - 2018/08 TI - Empirical Study on the Relationship between R&D Expenditure and GDP in Guangdong Province BT - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018) PB - Atlantis Press SP - 958 EP - 962 SN - 2352-5398 UR - https://doi.org/10.2991/icesem-18.2018.224 DO - 10.2991/icesem-18.2018.224 ID - Hu2018/08 ER -