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| Research on the Driving Effect of Technological Innovation in China’s High-Tech Industry |
| YANG Wu，TIAN Xuejiao |
| University of Science and Technology Beijing, Beijing， China |
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Abstract The synthesis index of the technology innovation classification and the development classification of high technology industry are carried out through the synthesis index method based on the classical circulation and the growth rate cycle. Vector autoregressive model (VAR), impulse response function and variance decom- position method are used to measure the driving effect of technological innovation in China’s high-tech industries from 1995 to 2015. Results show that both the innovation investment level and output efficiency of technology innovation in China’s high-tech industry have positive roles in the improvement of industrial competitiveness, and the impact of input level is more significant, which indicates that the technology innovation output quality of China’s high-tech industrial is slightly lower. The promotion effect of scientific and technological innovation on the scale of high-tech industry is weaker than the promotion of industrial competitiveness. It shows that China’s high-tech industry has uneven distribution of resources, uneven development and fierce competition environment. Furthermore, the impact of high technology industry competitiveness on the innovation of science and technology has a u-shaped relationship, and the industry scale has a volatility stimulating effect on scientific and technological innovation.
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Received: 04 November 2017
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