Optimized Research of Chinese Expenditure Structure on R&D

DOI

10.2991/lemcs-14.2014.22How to use a DOI?

Keywords

investment in R&D; utility function; expenditure structure; optimized measuring; conclusions and recommendations.

Abstract

With the development of economic globalization and integration of knowledge economy, science and technology's impact on economic growth, has become a focus of the whole society, especially in developing countries. Based on a detailed analysis of present situation of investment in science and technology from 2003 to 2012 in China, this paper uses the improved Cobb-Douglas utility function to optimize Chinese R&D expenditure structure. The results show that the present R&D expenditure structure is unreasonable. For the sake of improving the efficiency of science and technology, and promoting the development of economy, the Chinese government should increase R&D investment proportion of Basic Research and Applied Research, and enhance the investment of R&D in Higher Education.

Copyright

© 2014, 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/).

Download article (PDF)

TY  - CONF
AU  - Rongping Li
AU  - Yuanjie Li
PY  - 2014/05
DA  - 2014/05
TI  - Optimized Research of Chinese Expenditure Structure on R&D
BT  - Proceedings of the International Conference on Logistics, Engineering, Management and Computer Science
PB  - Atlantis Press
SP  - 94
EP  - 98
SN  - 1951-6851
UR  - https://doi.org/10.2991/lemcs-14.2014.22
DO  - 10.2991/lemcs-14.2014.22
ID  - Li2014/05
ER  -