Empirical Study on the Relationship between Venture Capital and Independent Innovation Based on the Co-integration

被引：0
|
作者：
Zhou Yang [1 ]
Zhou Weijie [1 ]
机构：
[1] Shandong Univ Sci & Technol, Dept Econ & Management, Jinan 271000, Peoples R China
来源：
RECENT ADVANCE IN STATISTICS APPLICATION AND RELATED AREAS, PTS 1 AND 2 | 2011年
关键词：
Venture capital; Independent innovation; Co-integration analysis; Granger causality;
D O I：
暂无
中图分类号：
O1 [数学]; C [社会科学总论];
学科分类号：
03 ; 0303 ; 0701 ; 070101 ;
摘要：
This paper made an empirical analysis on the internal relation between venture capital and independent innovation. By such approach as co-integration test, Granger causality test, the paper analyzed the relationship between venture capital and patent applications based on the data from 1994 to 2009 in China, and gives such. conclusions: 1 along-term co-integration relationship exists between venture capital and independent innovation; 2venture capital has a bilateral causality with the independent innovation. The results support the normative judgment: Venture capital has spurred independent innovation.
引用
收藏
页码：598 / 602
页数：5
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