Journal of Beijing University of Posts and Telecommunications(Social Sciences Edition) ›› 2021, Vol. 23 ›› Issue (1): 60-68.doi: 10.19722/j.cnki.1008-7729.2020.0278

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Impact of Market Distortion of R&D Factors on Innovation Performance of High-tech Industries#br#

  

  1. 1. Statistical Science Research Base, Nanjing University of Posts and Telecommunications, Nanjing 210046, China;  2. School of Economics, Nanjing University of Posts and Telecommunications, Nanjing 210046, China
  • Received:2020-09-25 Online:2021-02-28 Published:2021-03-07

Abstract: The autonomy and selectivity of R&D factors always leads to distortion in high-tech industry. Based on Chinas provincial panel data from 2009 to 2018, the production function method was used to measure the market distortion index of the R&D personnel factor and the R&D capital factor, and the dynamic generalized method of moments (GMM) was used to empirically analyze the impact of market distortion of R&D factors on innovation performance of high-tech industries. The results show that two R&D factors have different degrees of market distortion, and the degree of market distortion of the R&D personnel factor is greater than that of the R&D capital factor; market distortion of R&D factors has inflection point effect on innovation performance of high-tech industries; market distortion of R&D factors is beneficial to the development of high-tech industries in the central and western regions, but is unfavorable to the eastern region.


Key words:  R&D factor distortion, high-tech industry, innovation performance, GMM

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