The authors analyze the impact of Chinese government S&T funding on business R&D expenditure in last 13 years and believe that the funding has more leverage effect than squeezing-out effect.

• 摘要作者分析了近13年来我国政府科技投入对企业研发支出的影响，认为政府科技投入的杠杆作用要大于挤出效应；