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2015•Journal of Shijiazhuang of University of EconomicsRequires access

Study on Innovation Efficiency and Influence Factors in China Manufacture of Medical Equipment and Measuring Instrument——An Empirical Analysis Based on SFA Method

Aiyin Guo

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Abstract

This paper uses stochastic frontier analysis method to conduct empirical analysis on innovation efficiency and influence factors in China manufacture of medical equipment and measuring instrument. Research shows that the innovation efficiency in the industry overall presents upward trend and obvious regional differences. The output elasticity of RD personnel is weaker than that in RD funds; innovation output is mainly driven by funds. For most provinces,the innovation efficiency is generally higher measured by patent applications than measured by sales revenue of new products. Industrial profits,researchers have a significant positive effect on innovation efficiency.

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What this paper is about

This paper uses stochastic frontier analysis method to conduct empirical analysis on innovation efficiency and influence factors in China manufacture of medical equipment and measuring instrument. Research shows that the innovation efficiency in the industry overall presents upward trend and obvious regional differences. The output elasticity of RD personnel is weaker than that in RD funds; innovation output is mainly driven by funds. For most provinces,the innovation efficiency is generally higher measured by patent applications than measured by sales revenue of new products. Industrial profits,researchers have a significant positive effect on innovation efficiency.

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Available abstract

This paper uses stochastic frontier analysis method to conduct empirical analysis on innovation efficiency and influence factors in China manufacture of medical equipment and measuring instrument. Research shows that the innovation efficiency in the industry overall presents upward trend and obvious regional differences. The output elasticity of RD personnel is weaker than that in RD funds; innovation output is mainly driven by funds. For most provinces,the innovation efficiency is generally higher measured by patent applications than measured by sales revenue of new products. Industrial profits,researchers have a significant positive effect on innovation efficiency.

Key concepts: Stochastic frontier analysis, Output elasticity, Revenue, China, Frontier, Business, Empirical research, Industrial organization

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