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

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

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 languageEnglish (US)
Pages (from-to)208-215
Number of pages8
JournalTechnological Forecasting and Social Change
Volume147
DOIs
StatePublished - Oct 2019

All Science Journal Classification (ASJC) codes

  • Management of Technology and Innovation
  • Business and International Management
  • Applied Psychology

Keywords

  • Agricultural biotechnology
  • China
  • Policies
  • Private R&D investment

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