基于瓦格勒模型的创新要素投资效率评价  

Investment Effectiveness Evaluation of Innovative Elements Based on Wurgler Model

作　　者：姚王信[1] 曾照云 郑英晴 YAO Wang-xin;ZENG Zhao-yun;ZHENG Ying-qing(Business School,Anhui University,Hefei,230601,China;Financial Management Center,PLA 31614 Army,Quanzhou,362700,China)

机构地区：[1]安徽大学商学院,安徽合肥230601 [2]中国人民解放军31614部队财务管理中心,福建泉州362700

出　　处：《福建江夏学院学报》2020年第3期23-32,共10页Journal of Fujian Jiangxia University

基　　金：国家社科基金项目“创新要素投资有效性评价及其与知识产权融资绩效的关系研究”(16BGL056)。

摘　　要：结构模型比总量模型更有利于横向比较,选择恰当的评价模型是创新要素投资效率评价的关键。经过比较和分析,瓦格勒模型在创新要素投资效率评价中具有更多的优势。运用瓦格勒模型并利用2000—2018年的面板数据,对高新技术产业分别进行了分行业样本和分地区样本的创新要素投资效率实证分析。结果表明,分行业的创新要素投资效率处于中高水平且子行业之间差距明显,分地区的创新要素投资效率处于中低水平且各地区之间差距明显。The structural model is more conducive to transverse comparison than the total model,and to select appropriate model is the key to the evaluation of investment effectiveness of innovation factor.Through comparison and analysis,Wurgler Model has more advantages.Using Wurgler Model and panel data from 2000 to 2018,we make empirical analysis on investment efficiency of innovation factors of high-tech industry by industry and region.The results show that investment efficiency of innovation elements of different industries is at the middle and high level,and the gap between sub industries is obvious;investment efficiency of innovation elements of different regions is at the middle and low level,and the gap between different regions is also obvious.

关 键 词：投资效率 创新要素 结构模型 瓦格勒模型 

分 类 号：F264.2[经济管理—国民经济]