Research on the relationship between degree of market competition and R&D personnel investment in pharmaceutical manufacturing industry in China
Objective This paper empirically analyzes the relationship between the degree of market competition and R&D personnel investment in China's pharmaceutical manufacturing industry,so as to provide reference for enhancing China's market vitality,rationalizing industrial structure and improving innovation level.Methods The relevant data from 1997 to 2019 was selected,the VAR model was built based on cointegration theory,and the relationship between impulse analysis and variance decomposition was analyzed.Results The degree of market competition in China's pharmaceutical manufacturing industry was positively correlated with the investment of R&D personnel.Conclusion The government should stimulate the market vitality and increase the introduction of high-level talents.Enterprises should timely capture market trends and increase R&D personnel investment.
pharmaceutical manufacturingdegree of market competitionR&D personnel investmentcointegration theory
NETL
NSTL
万方数据
