Evaluation of Technology Input and Output Relationship in China Based on the Vector Error Correction Model
ZHANG Su
Abstract：The quantity relaionship of technology input and output in China is analyzed based on the coin-tegration theory and vector error correction model .The related time series datas including transaction value in technical market,number of patent applications granted and finance for technological input from 1987 to 2012 are used in this paper.The result shows that there have long term equilibrium relaionship between them.The increase of finance for technological input can improve the level of transaction value in technical market and number of patent applications granted in the long run.The patent transform to technical market has lag period and the level is low.The transaction value in technical market can improve the number of patent applications granted in the short run,but in the long run,there has small negative effect.
Keywords：transaction value in technical marketnumber of patent applications grantedfinance for technological inputvector error correction model
Publication Date：2016-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：5( 88-92 )