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Fiscal science and technology expenditure and the spatial convergence of regional innovation efficiency: evidence from China's province-level data.
- Source :
- Economic Research-Ekonomska Istrazivanja; December 2023, Vol. 36 Issue 1, p1848-1866, 19p
- Publication Year :
- 2023
-
Abstract
- Narrowing the gap in regional innovation efficiency is conducive to the coordinated development of regional economies. Fiscal science and technology (S&T) expenditure is the government's primary means of supporting regional innovation. It also plays an essential role in improving the efficiency of regional innovation. This study constructs a spatial convergence economic model based on a dynamic perspective. It also examines the relationship between fiscal S&T expenditure and spatial convergence of regional innovation efficiency. China's regional innovation efficiency shows a trend of conditional β-convergence. Fiscal S&T expenditure positively affects the spatial convergence of regional innovation efficiency and has an inverted U-shaped, nonlinear relationship as a whole. The transmission mechanism test revealed that the cross-regional flow of research and development (R&D) personnel can enhance this positive effect, and the role of R&D capital is not significant. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 1331677X
- Volume :
- 36
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Economic Research-Ekonomska Istrazivanja
- Publication Type :
- Academic Journal
- Accession number :
- 175795925
- Full Text :
- https://doi.org/10.1080/1331677X.2022.2094436