Innovation Input,Innovation Environment and Performance of High-tech Industry
Wei Xinying1, 2, Wang Hongwei3, Xu Hailong4
1.School of Economics of Henan University,Kaifeng 475004,China;
2.Institute of Quantitative Economics and Technical Economics of Chinese Academy of Social Sciences,Beijing 100732,China;
3.Chinese Academy of Science and Technology for Development,Beijing 100038, China;
4.University of Chinese Academy of Social Sciences,Beijing 102488,China
Abstract：This paper analyzes the effect of innovation input and innovation environment on the performance of high-tech industry by using econometric models based on the provincial panel data from 2000 to 2016.The results show that R&D investment is restricted by innovation environment,informatization level and marketization degree when it affects the performance of high-tech industry.When the innovation environment is better,informatization level and marketization degree are higher,the marginal effect of R&D investment on the performance of high-tech industry is larger,whereas the marginal effect is smaller.Educational level of workers and financial environment has no significant impact on the performance of high-tech industry because they can not meet the demand for innovation.Therefore,we can enhance the effect of R&D investment and improve the performance of high-tech industry by optimizing the innovation environment,especially improving educational level of workers and financial environment.
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