Impact of government policies on private R&D investment in agricultural biotechnology: Evidence from chemical and pesticide firms in China



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https://doi.org/10.1016/j.techfore.2019.07.011
Provider: 
Licensing of resource: 
Creative Commons Attribution (CC BY)
Type: 
journal article
Journal: 
Technological Forecasting and Social Change
Number: 
October 2019
Pages: 
208-215
Volume: 
147
Author(s): 
Deng H.
Hu R.
Pray C.
Jin Y.
Publisher(s): 
Description: 

China has put in place a series of policies to support private companies to engage in biotechnology research. This study uses data from a survey of 103 major agribusiness firms in the agricultural chemical and seed industries in China to evaluate the impact of government policies on private R&D investment in biotechnology. The results show that firms with positive profit expectation, public R&D subsidies, R&D collaboration with universities/research institutes or state-owned enterprises are more likely to embark on biotechnology research activities. Past patenting activity, R&D subsidies and collaboration with public sector research increase firms' biotechnology R&D investment while firms already selling genetically modified products and firms that are state-owned spend less on R&D. The authors findings suggest that government policy does have an important impact on firms' biotechnology R&D investment

Publication year: 
2019
Keywords: 
Agricultural biotechnology
China
Policies
Private R&D investment