Fiscal science and technology expenditure and the spatial convergence of regional innovation efficiency: evidence from China's province-level data.

Autor: Hou, Shiying, He, Jianjia, Song, Liangrong
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Zdroj: Economic Research-Ekonomska Istrazivanja; December 2023, Vol. 36 Issue 1, p1848-1866, 19p
Abstrakt: 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]
Databáze: Complementary Index
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