Abstract: Based on the statistical data from 2000 to 2015 of large and medium-sized enterprises of China’s manufacturing and high-tech industries, this paper empirically analyzed the phased impact of government funds and corporate funds on the basic research and industrial development using multivariate linear regression and cross correlation analysis. Some conclusions can be draw from the study. On one hand, government funds and corporate funds have a significant negative impact on short-term basic research of enterprises, but the government funds can make a significant positive impact on the basic research of enterprises six years later. On the other hand, while current basic research of enterprises has a significant negative affect on industry development, it can make a significant positive impact on industry development six years later. In either the technical development stage or the outcome transformation stage, the government funds and corporate funds have the same impact on the basic research and industrial development, and these investments in basic research are more inclined to get short-term effect, which can easily lead to extrusion effect. Therefore, the allocation of government science and technology resources needs to target at more long-term goals and the overall improvement of industrial innovation capacity. The government should invest resources in stages as competitive fund for enterprise R&D activities instead of totally investing resources for enterprises to guide enterprises to increase the investment in basic research in order to make enterprises play main roles of technology innovation.

摘要： 基于2000-2015年中国大中型企业制造业和高技术产业数据，运用多元线性回归和交叉相关分析方法，实证分析政府资金、企业资金对企业基础研究和产业发展的阶段性影响。研究发现：政府资金、企业资金对近期企业基础研究具有显著负向的影响，但政府资金投入对6年后的企业基础研究具有显著正向的影响；当期企业基础研究对促进产业发展具有显著负向的影响，但当期企业基础研究6年后对促进产业发展具有显著正向的影响。无论技术开发阶段还是成果转化阶段，政府资金和企业资金对企业基础研究和产业发展都呈现相同的影响，且政府和企业对基础研究的投入更青睐于短期见效，定位趋同容易引发挤出效应。因此，政府科技资源配置需要定位更长远的目标、关注产业创新能力的整体提升，分阶段对企业研发活动进行竞争性资助，避免替代企业投入，更多地引导企业加大基础研究投入，更有效地发挥企业的技术创新主体作用。