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The Impact of R&D on Technical Efficiency of High-tech Industries in China

LI Nan

Abstract

Using stochastic frontier approach with panel data,it inspects the relationship between RD and technical efficiency of high-tech industries in China.It draws three research results.Firstly,technical efficiency level of high-tech industries in China is low,but has been improved steadily as a whole.Secondly,there are remarkable differences among the technical efficiencies of different high-tech industries,and the gap is increasing.Thirdly,RD has significant positive effect on technical efficiency.

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Key concepts: High tech, China, Frontier, Stochastic frontier analysis, Technical progress, Panel data, Business, Industrial organization