Measurement of the Optimal Proportion of R&D Funds Allocation in Guizhou Province

Strategy for Innovation and Development of Science and Technology ›› 2022, Vol. 6 ›› Issue (6): 38-43.

• Science and Technology Management and Knowledge Management • Previous Articles Next Articles

Measurement of the Optimal Proportion of R&D Funds Allocation in Guizhou Province

ZHANG Yan-hong

Guizhou Center For Science and Technology Evaluation, Guiyang 550002, China

Received:2022-08-17 Online:2022-12-15 Published:2023-04-26

Abstract

Abstract: R&D investment is the material basis of science and technology innovation. Based on the research on the structure and resource allocation of R&D funding in Guizhou, this paper analyzes the structural characteristics of the three major R&D activities in the R&D funding in the Twelfth Five-Year Period, and uses the Cobb-Douglas utility function model to calculate and obtains the optimal allocation ratio as 1∶1.04∶4.85. Based on this, the paper puts forward suggestions such as guiding and balancing R&D funding investment with financial science and technology funds, stimulating enterprises to increase basic research funding investment.

Key words: R&D funding, input structure, funding allocation, Guizhou province

CLC Number:

G311

ZHANG Yan-hong. Measurement of the Optimal Proportion of R&D Funds Allocation in Guizhou Province[J]. Strategy for Innovation and Development of Science and Technology, 2022, 6(6): 38-43.

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Strategy for Innovation and Development of Science and Technology

Measurement of the Optimal Proportion of R&D Funds Allocation in Guizhou Province

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