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Research on the relationship between the economic development level of Chinese pharmaceutical manufacturing industry and R&D capital investment
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Wan-ting LI, Su WANG, Li YANG, Yu-wen CHEN
Chinese Journal of New Drugs | 2021, 30(15) : 1367 - 1373
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收藏切换
Chinese Journal of New Drugs | 2021, 30(15): 1367-1373
Research on the relationship between the economic development level of Chinese pharmaceutical manufacturing industry and R&D capital investment
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Wan-ting LI, Su WANG, Li YANG, Yu-wen CHEN
Affiliations
  • College of Business Administration, Shenyang Pharmaceutical University, Shenyang 110016, China
Published: 2021-08-15
Outline
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Objective:

To empirically analyze the relationship between the level of economic development of China's pharmaceutical manufacturing industry and R&D capital investment in order to provide reference for improving the level of economic development and R&D investment of China's pharmaceutical manufacturing industry.

Methods:

The relevant data from 1995 to 2016 were selected and the VEC model was constructed and the Granger causality test was conducted based on the co-integration theory to analyze the influence between the two factors.

Results:

There was a long-term stable equilibrium relationship between the total industrial output value/GDP and r&d investment intensity of China's pharmaceutical manufacturing industry, and the long-term elastic coefficient was 0.515 1. The results of Granger causality test show that when the lag order is 1, 5 and 6, only the total industrial output value/GDP of pharmaceutical manufacturing industry is the Granger cause of R&D investment intensity.

Conclusion:

The economic development level of the pharmaceutical manufacturing industry in China has a significant positive impact on the R&D capital investment, and the positive impact has a lag. The increase of R&D capital investment in the pharmaceutical manufacturing industry in the short term can not significantly improve the economic development level.

pharmaceutical manufacturing industry  /  the level of regional economic development  /  R&D investment  /  cointegration theory
李宛亭, 王素, 杨莉, 陈玉文. 中国医药制造业经济发展水平与研发资金投入的关系研究. 中国新药杂志, 2021 , 30 (15) : 1367 -1373 .
Wan-ting LI, Su WANG, Li YANG, Yu-wen CHEN. Research on the relationship between the economic development level of Chinese pharmaceutical manufacturing industry and R&D capital investment[J]. Chinese Journal of New Drugs, 2021 , 30 (15) : 1367 -1373 .
Year 2021 volume 30 Issue 15
30
9
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  • Online Date:2026-10-28
  • Published:2021-08-15
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  • Accepted:2021-04-27
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    College of Business Administration, Shenyang Pharmaceutical University, Shenyang 110016, China
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表12种不同金属材料的力学参数
科
Family
属数
Number of
genus
种数
Number of
species
占总种数比例
Percentage of
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属
Genus
种数
Number of
species
占总种数比例
Percentage of total
species (%)
鹅膏菌科Amanitaceae 2 11 5.26 鹅膏菌属 Amanita 10 4.78
小菇科 Mycenaceae 2 12 5.74 丝盖伞属 Inocybe 5 2.39
多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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