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

Haiyan Deng; R. Hu; Carl Pray; Yanhong Jin

doi:10.1016/j.techfore.2019.07.011

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

Haiyan Deng, R. Hu^*, Carl Pray, Yanhong Jin

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

31 Citations (Scopus)

Abstract

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. Our findings suggest that government policy does have an important impact on firms' biotechnology R&D investment.

Original language	English
Pages (from-to)	208-215
Number of pages	8
Journal	Technological Forecasting and Social Change
Volume	147
DOIs	https://doi.org/10.1016/j.techfore.2019.07.011
Publication status	Published - Oct 2019

Keywords

Agricultural biotechnology
China
Policies
Private R&D investment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.techfore.2019.07.011

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

abstract = "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. Our findings suggest that government policy does have an important impact on firms' biotechnology R&D investment.",

keywords = "Agricultural biotechnology, China, Policies, Private R&D investment",

author = "Haiyan Deng and R. Hu and Carl Pray and Yanhong Jin",

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doi = "10.1016/j.techfore.2019.07.011",

language = "English",

volume = "147",

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T1 - Impact of government policies on private R&D investment in agricultural biotechnology

T2 - Evidence from chemical and pesticide firms in China

AU - Deng, Haiyan

AU - Hu, R.

AU - Pray, Carl

AU - Jin, Yanhong

PY - 2019/10

Y1 - 2019/10

N2 - 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. Our findings suggest that government policy does have an important impact on firms' biotechnology R&D investment.

AB - 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. Our findings suggest that government policy does have an important impact on firms' biotechnology R&D investment.

KW - Agricultural biotechnology

KW - China

KW - Policies

KW - Private R&D investment

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JF - Technological Forecasting and Social Change

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

Abstract

Keywords

UN SDGs

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