Rui Hua1,2, Yongwen Bao3, Shengan Chen2, Ziyin Zhuang1,*
Computer Systems Science and Engineering, Vol.34, No.4, pp. 215-223, 2019, DOI:10.32604/csse.2019.34.215
Abstract This paper improves the dynamic Feder model based on the characteristics of knowledge production and separates the direct effect and spillover effect
of R&D in order to determine the relationship between spillover effect of R&D and economic growth, and accurately measure it by examining Chinese
provincial panel data from 2008–2016. The theoretical analysis shows that the spillover effect of R&D promotes economic growth. Empirical analysis using
a combination of OLS, sysGMM, 2SLS and GLS shows that basic research and application research have significant spillover effects; the marginal revenue
of the basic research is lower than that of the production sector,… More >
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