政府资助波动、技术市场发展程度与国有企业R&D投入

当前,我国政府对企业的研发资助金额快速增长,对企业研发活动产生了重要影响，但在动态的外部环境中，更应该关注研发资助波动对企业研发活动的影响。从政府资助波动视角对企业R&D投入进行考察，运用面板数据聚类分析法对2011-2018年我国各省市技术市场发展程度进行划分，以规模以上工业企业为样本，对政府资助波动、技术市场发展程度与企业R&D投入关系进行实证检验。结果发现：①政府资助波动对企业R&D投入具有负向影响；②技术市场发展程度对企业R&D投入具有逐渐减弱的正向影响；③技术市场发展程度显著调节政府资助波动对企业R&D投入的负向效应，并最终达到正向效应。最后，提出各省市合理制定政府资助计划、加速技术市场发展的政策建议。

Government Support Fluctuation,Development Extent for the Technology Market and Enterprises R&D Investment

At present, China's government R&D funding to enterprises is rapidly increasing, and in the dynamic external environment, ,It has an important impact on the output of corporate R&D activities.but it is more important to pay attention to the factors and effects of R&D funding fluctuations on enterprises' R&D activities. This paper reexamines enterprise R&D investment from the perspective of government funding fluctuation, and on the basis of applying the panel data cluster analysis method to classify the degree of technology market development in each province and city in China from 2011-2018, and taking industrial enterprises above the scale as the sample, we conducted a comprehensive analysis of government funding fluctuation, the degree of technology market development and enterprise R&D investment. The results found that: 1. the fluctuation of government funding has a negative effect on enterprise R&D investment; 2.the degree of technology market development has a gradually weakening positive effect on enterprise R&D; 3.the degree of technology market development can significantly regulate the negative effect of fluctuation of government funding on enterprise R&D investment,and finally reach the positive effect. Finally, some policy suggestions are made on how provinces and cities can reasonably formulate government funding programs and accelerate the development of technology markets.