Objective To study the relationship between export orientation and research and development(R&D)investment so as to provide suggestions and references for improving the R&D investment level and innovation capa...Objective To study the relationship between export orientation and research and development(R&D)investment so as to provide suggestions and references for improving the R&D investment level and innovation capabilities of pharmaceutical industry due to the progress of globalization and the continuous development of export trade of China’s pharmaceutical industry.Methods The relevant data of China’s pharmaceutical industry from 2001 to 2016 was selected to establish an error correction model based on the co-integration theory,and then the Granger causality test was conducted to determine the relationship between the export orientation and R&D investment of China’s pharmaceutical industry in different regions.Results and Conclusion It is found that the export orientation of the pharmaceutical industry in different regions has a significant negative impact on the investment of R&D.Among them,the middle region has the greatest impact,followed by the eastern and western regions.The export orientation of the pharmaceutical industry in the middle region has a lag effect on R&D investment,and the lag phase is two years.展开更多
China＇s first wave of economic globalization is characterized by its full utilization of foreign advanced, especially innovative, production factors in the domestic market to develop its innovation economy. China＇s ...China＇s first wave of economic globalization is characterized by its full utilization of foreign advanced, especially innovative, production factors in the domestic market to develop its innovation economy. China＇s participation in global economy can be described as fully utilizing domestic low-end production factors through foreign markets. This type of participation has been overdone. As China aims to engage in a second wave of economic globalization, the focus is to implement an in-depth globalization strategy under the condition of expanding domestic demands, namely and to develop the global economy based on domestic demands, The purpose is to achieve an economic rebalance with the world and help China out of its overcapacity predicament in weaker global economic climates. Moreover, it will bring China a chance to introduce foreign advanced factors to accelerate growth and develop innovation economy by turning economic crisis in the West into opportunities.展开更多
文摘Objective To study the relationship between export orientation and research and development(R&D)investment so as to provide suggestions and references for improving the R&D investment level and innovation capabilities of pharmaceutical industry due to the progress of globalization and the continuous development of export trade of China’s pharmaceutical industry.Methods The relevant data of China’s pharmaceutical industry from 2001 to 2016 was selected to establish an error correction model based on the co-integration theory,and then the Granger causality test was conducted to determine the relationship between the export orientation and R&D investment of China’s pharmaceutical industry in different regions.Results and Conclusion It is found that the export orientation of the pharmaceutical industry in different regions has a significant negative impact on the investment of R&D.Among them,the middle region has the greatest impact,followed by the eastern and western regions.The export orientation of the pharmaceutical industry in the middle region has a lag effect on R&D investment,and the lag phase is two years.
文摘China＇s first wave of economic globalization is characterized by its full utilization of foreign advanced, especially innovative, production factors in the domestic market to develop its innovation economy. China＇s participation in global economy can be described as fully utilizing domestic low-end production factors through foreign markets. This type of participation has been overdone. As China aims to engage in a second wave of economic globalization, the focus is to implement an in-depth globalization strategy under the condition of expanding domestic demands, namely and to develop the global economy based on domestic demands, The purpose is to achieve an economic rebalance with the world and help China out of its overcapacity predicament in weaker global economic climates. Moreover, it will bring China a chance to introduce foreign advanced factors to accelerate growth and develop innovation economy by turning economic crisis in the West into opportunities.
