Basic research investment, innovation capability improvement, and economic growth efficiency

ABSTRACT: This study explores the relationship between the proportion of basic research investment in R&D expenditure and regional economic growth efficiency and its influence path. A panel of data from 31 China’s provincial was analysed by the fixed-effects model over 2009 to 2019. Empirical results highlight that: (1) the increase in the proportion of basic research investment has a significant promoting effect on regional economic growth efficiency, but it presents an "inverted U-shaped" impact path. Meanwhile, the threshold effect model test results reveal that basic research investment plays a more significant role in promotion when the per capita income level exceeds a certain threshold. (2) The test results of the mediating effect model indicate that the improvement of the level of human capi

SUBMITTER: Jiang Y 

PROVIDER: S-EPMC9746962 | biostudies-literature | 2022 Jan

REPOSITORIES: biostudies-literature