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

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Yi-bing Tang

    (China Jiliang University)

  • Li-jun Meng

    (China Jiliang University)

  • Cheng-xia Hu

    (China Jiliang University)

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.

Suggested Citation

  • Yi-bing Tang & Li-jun Meng & Cheng-xia Hu, 2013. "The Different Impact of Innovative Human Capital and R&D Subsidy on the Technological Progress: An Empirical Study Based on Zhejiang," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 487-493, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38427-1_52
    DOI: 10.1007/978-3-642-38427-1_52
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