Empirical Study on the Relationship between R&D Expenditure and GDP in Guangdong Province

DOI

10.2991/icesem-18.2018.224How to use a DOI?

Keywords

R&D; Guangdong Province; VAR model; Impulse response function

Abstract

R&D activities are highly valued by countries around the world for their creativity and novelty. After the introduction of the concept of R&D in the 1980s to China, Chinese scholars have never stopped the research on the effect of R&D expenditure on economic growth. This paper selects the R&D expenditures and GDP data of Guangdong Province from 2000 to 2013, studies the relationship between R&D expenditure and GDP with the help of the impulse response function in VAR model, and draws a conclusion that the R&D expenditure has a positive effect on GDP growth and GDP growth has a “lagging effect” on R&D expenditure. Finally, by analyzing the relationship between the above two, this paper also puts forward some suggestions for the government and companies with respect to their R&D expenditure.

Copyright

© 2018, 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/).

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TY  - CONF
AU  - Jinghua Hu
AU  - Yue Lan
PY  - 2018/08
DA  - 2018/08
TI  - Empirical Study on the Relationship between R&D Expenditure and GDP in Guangdong Province
BT  - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
PB  - Atlantis Press
SP  - 958
EP  - 962
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-18.2018.224
DO  - 10.2991/icesem-18.2018.224
ID  - Hu2018/08
ER  -