Empirical Study on the Relationship between RaD Expenditure and GDP in Guangdong Province

Jinghua Hu, Yue Lan
2018 Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)   unpublished
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
more » ... n 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. Keywords-R&D Guangdong Province; VAR model; Impulse response function I. Zhu Mingming (2013) used the impulse response function of VAR model to study R&D expenditure and regional GDP of 958
doi:10.2991/icesem-18.2018.224 fatcat:fkxzsgyf3zfi7g3uufz54a3axq