Evaluation of Degree of Coordination between Chinese Investment in Basic Research and Economic Growth

Wu Dandan, Wang Zichen and Zheng Shengming

International Journal of Business and Management, 2016, vol. 11, issue 6, 159

Abstract: Based on the theory of complex systems science and synergetics, a model for the coordination degree of complex system “investment in basic research and economic growth” was built in this paper for the quantitative evaluation of the degree of coordination between investment in basic research and economic growth in China in recent 2 decades from a macro perspective. Results show that the subsystem of investment in basic research and the subsystem of economic growth and the whole complete system are showing a good momentum of steady growth. Although the subsystem of investment in basic research is slightly inferior to the subsystem of economic growth in order degree, it more matches the coordination of China's economic growth on the whole. In order to further promote and strengthen the basic research efforts in China, a number of policy recommendations were raised in this paper with a view to advancing the proper operation of the investment in basic research system in China in the new normal of economy and its long-term coordinate development with the complex system of economic growth.

Date: 2016
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