Abstract:
This paper tests the overall and regional impacts of China’s financial development and foreign direct investment effected on firms’ R&D investment by sampling the panel data in 1998~2010 from China’s 30 provinces. The results show that financial development and foreign direct investment positively and significantly promote R&D investment of domestic enterprises with obvious regional differences.
RAN Guang-he, ZHANG Bing, PANG Xin-jun.Financial Development, Foreign Direct Investment and Firms’ R&D InvestmentAn Empirical Study Based on provincial Panel Data[J] Economic Survey, 2013,V1(2): 121-126