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A Research on Role in Promoting Public Finance Investment in Science and Technology for Scientific and Technological Innovation in China

机译：中国公共财政对科技创新投入的作用研究

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Scientific and technological innovation has the noncompetitive and non-exclusive features to a large extent, so its characteristic qualities of public goods are very obvious. Therefore when entirely controlled by the market, the scientific and technological innovation could result in market failures, thus it needs the intervention of government to compensate for market imperfections. It builds on making the innovation as the primary productive force of economic growth to bring market mechanism into fully play in allocating resources, and also depends on its characteristics of public goods and the functions of government. Direct financial investment in science and technology is an important component of social science and technology investment. Direct financial investment has played a positive role in enhancing the capacity of China's scientific and technological innovation. At present, China should focus on improving the government's science and technology-oriented policies model of financial investment, further putting the enterprise into the location of main body of scientific and technological innovation, safeguarding the competitiveness of industry or industrial policy, strengthening the norms of financial management system, and continuously improving the efficiency and level of financial investment in science and technology.
机译：科技创新在很大程度上具有非竞争性和非排他性的特征，因此其公益性的特质非常明显。因此，在完全由市场控制的情况下，科学技术创新可能会导致市场失灵，因此需要政府干预以弥补市场缺陷。它建立在使创新成为经济增长的第一生产力的基础上，充分发挥市场机制在分配资源方面的作用，还取决于其公共产品的特征和政府的职能。对科学技术的直接财政投资是社会科学技术投资的重要组成部分。直接金融投资在增强中国科技创新能力方面发挥了积极作用。当前，中国应着力完善政府财政投入的科技政策政策模式，进一步把企业置于科技创新主体地位，维护产业或产业政策的竞争力，强化产业规范。财务管理体系，不断提高金融科技投入的效率和水平。

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