The Analysis of Government RD Investment to the Innovation Intention of Chinese Enterprises with Different Nature - An Empirical Study Based on Zero-Inflated Model in Economics

摘要

When there are differences in environment and conditions of the enterprise, there will be differences in government R&D investment impacting on enterprise innovation intention. This paper is to analyze the effects of government subsidies on the innovation intention in the enterprise with nature difference. Analyze the panel data of 1590 high-tech enterprises in 2008-2011. Also use the zero inflated model to deal with the problem in patent application number of too much zero, distinguishing innovative intention with zero. The parameter estimation is more accurate, which leads to a more consistent with the actual conclusion: Government R&D investment and enterprise innovation will have a correlation; For state owned enterprises, Government R&D investment has inhibitory effect on enterprise innovation intention, non-state owned enterprises can be promoted, the Chinese Government R&D investment needs to be improved, rather than blindly input.