On the Efficiency and Total Factor Productivity Growth of R&D Innovation of High-Technology Industry in China
Junhong Bai
Abstract
Junhong Bai
Abstract
Based on the panel data of China's 28 regions during 2000-2008,this study conducts an empirical analysis on the RD innovation efficiency of high-tech industry by using the stochastic frontier production function.The results show the RD innovation efficiency of high-tech industry is different among different regions,and the east is higher than the middle and west.The total factor productivity and technology progress of high-tech industry are growing,and high-tech industry of most provinces show the growth ratio of technology progress are higher than TFP ratio;technology progress is the main cause of the growth of total factor productivity,but the efficiency improvement is not obvious.
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Based on the panel data of China's 28 regions during 2000-2008,this study conducts an empirical analysis on the RD innovation efficiency of high-tech industry by using the stochastic frontier production function.The results show the RD innovation efficiency of high-tech industry is different among different regions,and the east is higher than the middle and west.The total factor productivity and technology progress of high-tech industry are growing,and high-tech industry of most provinces show the growth ratio of technology progress are higher than TFP ratio;technology progress is the main cause of the growth of total factor productivity,but the efficiency improvement is not obvious.
Key concepts: Total factor productivity, Productivity, Frontier, High tech, Panel data, China, Production (economics), Stochastic frontier analysis