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| Research on the Spatial Effect of Local Government's Investment in Science and Technology under Transfer Payment |
| Luo Guiming1,2 |
| 1.School of Economics,Jiangxi University of Finance and Economics,Nanchang 330013,China;2.School of Literature and Journalism,Yichun University,Yichun 336000,China |
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Abstract Based on the provincial panel data of 1997-2014, the influence factors and the spatial effect of local government investment in science and technology were analyzed. The analysis results show that the fiscal decentralization has positive effect on the investment of science and technology, the government competition and human capital investment have a positive effect on the investment of science and technology; The impact of fiscal decentralization of local government on science and technology investment would lead to positive imitation behavior in the adjacent areas, and the positive effect of spatial spillover effect on the investment in science and technology. The influence of government competition and human capital investment on science and technology investment can cause the negative imitation behavior of neighboring regions. It is necessary for the local government to allocate scientific and technological investment in the proportion of financial expenditure, to deal with the relationship between government competition, human capital investment and investment in science and technology.
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Received: 30 December 2016
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Corresponding Authors:
Luo Guiming
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