The Different Impact of Innovative Human Capital and R&D Subsidy on the Technological Progress: An Empirical Study Based on Zhejiang

Yi-bing Tang (), Li-jun Meng () and Cheng-xia Hu ()
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Yi-bing Tang: China Jiliang University
Li-jun Meng: China Jiliang University
Cheng-xia Hu: China Jiliang University

Chapter Chapter 52 in The 19th International Conference on Industrial Engineering and Engineering Management, 2013, pp 487-493 from Springer

Abstract: Abstract How to promote the construction of innovative province: to improve the supply of innovation human capital or R&D incentives? Based on the time-series data in Zhejiang province during the period 2003–2009, the empirical analysis showed that supply of innovative human capital have a significant promoting effect on technological innovation and technological advance, while the effect of R&D encouraging policy is much less than that of supplying innovative human capital. The implication of policy is obvious: the policy of improvement in the supply of innovative human capital should be preferred to promote R&D-based economic growth, and the policy of stimulating the demand of R&D should be conduct on the condition that the supply of innovative human capital is elastic.

Keywords: Innovative human capital; Science and technology policy; Technological advance (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-38427-1_52

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DOI: 10.1007/978-3-642-38427-1_52

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