Spillover Effects of Technological Innovation Efficiency among High-tech Industries in China——Based on GVAR Model

Abstract

Abstract: This paper adopts the Global Vector Autoregressive (GVAR) model to study the spillover effects of technological innovation efficiency among China's high-tech industries on the basis of measuring the technological innovation efficiency of nine high-tech industries in China from 1997 to 2016. The empirical results show that:(1) The spillover effect of technological innovation efficiency among high-tech industries in China is different, that is, the spillover effect of technological innovation efficiency in one industry on another industry is different from the reverse effect of the two industries, and there may even be a positive promotion effect and reverse competition relationship. (2) The technological innovation efficiency of pharmaceutical manufacturing and communication equipment manufacturing almost has a positive spillover effect on the technological innovation efficiency of other industries, while the medical equipment and device manufacturing almost has a negative spillover effect on the technological innovation efficiency of other industries, namely the competitive effect. Therefore, it is necessary to give play to the leading and promoting role of pharmaceutical manufacturing industry and communication equipment manufacturing industry in technological innovation efficiency, to promote the mutual development of other high-tech industries, to improve the technological innovation efficiency of the whole high-tech industries, and to promote the transformation and upgrading of industrial structure.

Key words: high-tech industry, technological innovation efficiency, spillover effects

Yang Youcai, Geng Lulu, Shi Qianzi. Spillover Effects of Technological Innovation Efficiency among High-tech Industries in China——Based on GVAR Model[J]. Management Review, 2020, 32(6): 138-149.

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