Impact of government policies on private R&D investment in agricultural biotechnology: Evidence from chemical and pesticide firms in China

Haiyan Deng, Ruifa Hu, Carl Pray and Yanhong Jin

Technological Forecasting and Social Change, 2019, vol. 147, issue C, 208-215

Abstract: China has put in place a series of policies to support private companies to engage in biotechnology research. This study uses data from a survey of 103 major agribusiness firms in the agricultural chemical and seed industries in China to evaluate the impact of government policies on private R&D investment in biotechnology. The results show that firms with positive profit expectation, public R&D subsidies, R&D collaboration with universities/research institutes or state-owned enterprises are more likely to embark on biotechnology research activities. Past patenting activity, R&D subsidies and collaboration with public sector research increase firms' biotechnology R&D investment while firms already selling genetically modified products and firms that are state-owned spend less on R&D. Our findings suggest that government policy does have an important impact on firms' biotechnology R&D investment.

Keywords: Agricultural biotechnology; China; Policies; Private R&D investment (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:tefoso:v:147:y:2019:i:c:p:208-215

DOI: 10.1016/j.techfore.2019.07.011

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