A Comparative Study on the Performance of High-tech Industry Innovation Paths

Based on the panel data of Chinese high-tech industry,using the Granger causality test,panel co-integration and panel error correction model,this paper made a comprehensive analysis of the relationship between the high-tech industrial innovation inputs and outputs.The results showed that the interactive relationship of high-tech industry innovation inputs and outputs is distinct;the high-tech industry innovation has a significant performance and a good digestion and absorption of the introduced technology;the substitution effect between enterprise technology innovation inputs is obvious;the scientific and technological achievement conversion level isn't high enough and the technology market isn't well developed;the technical transformation inputs is larger but the overall performance is lower.