Research on the Influence Mechanism of Factor Price Distortion on Independent Innovation of High-Tech Industry:from the Perspective of Turning R&D Patterns into Transmission Pathway
Zhao Fusen, Fan Jianting
College of Business,Shanghai University of Finance and Economics,Shanghai 200433,China
Abstract:Based on a panel data of China's high-tech industry,this paper applies the test method of one-dimensional multiple intermediary effect model to investigate how factor price distortion has an inhibiting effect on technological innovation by influencing the R&D patterns.It is found that there is an obvious negative price distortion in high-tech industry,which on one hand restrains the independent R&D investment,and on the other hand promotes the external introduction of technology.After the robustness test of the possible endogenous problem and the secondary conduction problem between the two mediating variables,the above conclusion is still valid.This shows that factor price distortion inhibits the innovation level of high-tech industry through the imitation innovation bias of R&D mode.
赵富森, 范建亭. 要素价格扭曲对高技术产业自主创新的影响机制研究——基于研发模式转变为传导途径的视角[J]. 中国科技论坛, 2021(4): 23-33.
Zhao Fusen, Fan Jianting. Research on the Influence Mechanism of Factor Price Distortion on Independent Innovation of High-Tech Industry:from the Perspective of Turning R&D Patterns into Transmission Pathway. , 2021(4): 23-33.
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