Analysis of Incentive Effects of Government R & D Investment on Technology Transaction

With panel data of 25 provinces from 2009 to 2014 and the internal expenditure of R & D derived from the government as the measure of the government’s R & D input in the region, the fixed effect model is adopted to analyze the influence of the government R & D investment on technology transaction. Empirical results show that technology transaction will be promoted significantly with the increase of government R & D investment. Therefore, the technology transaction can be effectively stimulated by adding the R & D investment from government to make more technological innovation achieve the transfer and commercialization.