Abstract:
Based on panel data of large and medium enterprises of China’s 37 industrial sub-sectors from 2003 to 2008, this paper studies the factors influencing efficiency of innovation by using the stochastic frontier model. There are four factors affecting the efficiency of innovation: market share, the proportion of engineers of technical personnel, the proportion of government investment and the proportion of technical personnel. It is found that the efficiency of technological innovation by industry obviously differentiates high in manufacturing, medium in excavation and low in public utility.
DAI Zhuo, DAI Hong-mei.A Study on Efficiency in Technological Innovation of China′s Industrial Sector——Based on Stochastic Frontier Model[J] Economic Survey, 2012,V1(4): 90-94