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| Independent R&D, Government-funded Policy and Industry Innovation Direction |
| Jiang Nan |
| Law School/Intellectual Property Institution, Tongji University, Shanghai 200092,China |
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Abstract It studies how independent R&D and government-funded policy influence the direction of industry innovation. It shows that independent R&D is the key to industrial patent innovation and new-product innovation. And government-funded policy regulates industrial innovation activities, which is positive in the industrial patent innovation activities and is not significant in the industrial new-product innovation activities. Due to the industrial heterogeneity, the positive regulation of government-funded policy is mainly reflected in the patent-intensive industries.
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Received: 20 October 2016
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Corresponding Authors:
Jiang Nan
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