Study on Technical Efficiency of Chinese Strategic Emerging Industries and Its Influencing Factors:Based on 18 Industries Data

Using Stochastic Frontier Approach(SFA) and based on the panel data of strategic emerging industries from 2003 to 2010,this paper analyzes technical efficiency and influencing factors of 18 sectors of China's strategic emerging industries.The result shows that the technical efficiency of China's strategic emerging industries is low,and presents an undulating characteristic.The technical progress rate of China's strategic emerging industries is fast,but presents downward trend.Heterogeneity exists in China's strategic emerging industries,and the technical efficiency in different industries is different obviously.In exogenous factors,firm size and industrial agglomeration have positive effects on technical efficiency of China's strategic emerging industries,while FDI and the proportion of state-owned economy have not.Finally,this paper put forward some policy recommendations such as optimizing enterprise-scale structure,strengthening industrial agglomeration effect,attracting high-quality foreign investment and deepening reform of state-owned enterprises.