R&D Capitalization,Innovation Drive and High-qality Growth of China's Manufacturing Industry
The reform of R&D expenditure accounting method laid the foundation for more scientific calculation of R&D capital,and further separated the R&D capital embodied technological progress in the total factor productivity,providing an opportunity for better identify innovative contributions in economic growth.In view of this,the paper is based on the System of National Accounts 2008 to accurately calculate the Chinese double-digit manufacturing industry R&D capital stock and industrial added value,further es-tablish an extended model of the C-D production function,and test the contribution of innovation to the growth of China's manufacturing industry.The results showed that the R&D capital stock of the manufac-turing industry increased rapidly,with an average annual growth rate of 20.38％.But there are significant inter-industry disparities,and the growth was mainly concentrated in high-tech industries.The manufac-turing innovation-driven effect is gradually emerging.In 2019,the contribution rate of innovation and to-tal factor productivity to the growth of manufacturing exceeds 60％,which is gradually becoming the lead-ing force for the high-quality development of China's manufacturing industry.It also plays an important role in supporting and promoting China's manufacturing industry to realise the transformation of old and new driving forces and to promote industrial Upgrading of the manufacturing industry.
R&D capitalizationInnovation driveSystem of National Accounts 2008
万方数据
维普
