Technology Importation and Domestic Technology Acquisition in China from the Perspective of Innovation
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摘要
Foreign and domestic technologies play different roles in a country's innovation. In recent years, Chinese firms have spent less on importing foreign technology and more on acquiring domestic technology. Based on the panel data model, state space model(SSM) and the Bayesian vector autoregressive model, this paper finds that the purchase of domestic technology plays a critical role in the innovation of high-tech firms with an elasticity coefficient higher than that of technology importation before 2010. China's high-tech firms can effectively absorb purchased domestic technology, which also brings about an increase in their independent R&D input and contributes more to innovation output than imported technology. Performance of technology importation is lackluster but shows an improving trend. Technology importation is not correlated with innovation output and has a substitutive effect with independent R&D input. China is yet to enhance its absorption of imported technology. Elasticity coefficient of technology importation turned positive in 2007 and increased year by year. China should promote synergy between technology importation and domestic technology acquisition.
Foreign and domestic technologies play different roles in a country's innovation. In recent years, Chinese firms have spent less on importing foreign technology and more on acquiring domestic technology. Based on the panel data model, state space model(SSM) and the Bayesian vector autoregressive model, this paper finds that the purchase of domestic technology plays a critical role in the innovation of high-tech firms with an elasticity coefficient higher than that of technology importation before 2010. China's high-tech firms can effectively absorb purchased domestic technology, which also brings about an increase in their independent R&D input and contributes more to innovation output than imported technology. Performance of technology importation is lackluster but shows an improving trend. Technology importation is not correlated with innovation output and has a substitutive effect with independent R&D input. China is yet to enhance its absorption of imported technology. Elasticity coefficient of technology importation turned positive in 2007 and increased year by year. China should promote synergy between technology importation and domestic technology acquisition.
Foreign and domestic technologies play different roles in a country's innovation. In recent years, Chinese firms have spent less on importing foreign technology and more on acquiring domestic technology. Based on the panel data model, state space model(SSM) and the Bayesian vector autoregressive model, this paper finds that the purchase of domestic technology plays a critical role in the innovation of high-tech firms with an elasticity coefficient higher than that of technology importation before 2010. China's high-tech firms can effectively absorb purchased domestic technology, which also brings about an increase in their independent R&D input and contributes more to innovation output than imported technology. Performance of technology importation is lackluster but shows an improving trend. Technology importation is not correlated with innovation output and has a substitutive effect with independent R&D input. China is yet to enhance its absorption of imported technology. Elasticity coefficient of technology importation turned positive in 2007 and increased year by year. China should promote synergy between technology importation and domestic technology acquisition.
引文
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[19]Lin,Yifu,and Pengfei Zhang.2006.“Appropriate Technology,Technological Selection,and Economic Growth in Developing Countries.”China Economic Quarterly,No.4:985-1006.
[20]Litterman,R.B.1986.“Forecasting with Bayesian Vector Autoregressions Five Years of Experience.”Journal of Business and Economics Statistics,2(4):25-38.
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[22]Liu,Xiaolu.2011.“The Elementary Determinant of China’s Innovation Capacity:R&D,Technology Imports,or FDI?”Economic Review,No.3:88-96.
[23]Long,G.Y.2008.“The Shape of Ideas Production Function in Transition and Developing Economies Evidence from China.”International Regional Science Review,31(2):185-206.
[24]Mansfield,E.1981.“Schwartz M.and Wagner S.Iimitation Costs and Patents:An Empirical Study.”Economical Journal,91(364):907-918.
[25]Mundlak Y.1961.“Empirical Productions Free of Management Bias.”Journal of Farm Economics 43(1):44.
[26]Qian,Huixiong.2011.“Research on the Condition of Technology Import Boosting Autonomous Innovation.”China Economic Studies,No.5:88-98.
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[31]Zhao,H.X.1995.“Technology Imports and their Impacts on the Enhancement of China’s Indigenous Technological Capability.”Journal of Development Studies,31(4):585-602.
[2]Bettis R.A.,Bradley S.P.,and Hamel G.1992.“Out Sourcing and Industrial Decline.”Academy of Management Executive,6(1):7-22.
[3]Blundell,R.,and S.Bond.1998.“Initial Conditions and Moment Restrictions in Dynamic Panel Data Models.”Journal of Econometrics,87(1):115-143.
[4]Chesbrough,H.W.,Teece D.J.1996.“When Is Virtual Virtuous?Organizing for Innovation.”Harvard Business Review,74(1):65-73.
[5]Griliches,Z.1979.“Issues in Assessing the Contribution of Research and Development to Productivity Growth.”Bell Journal of Economics,10(1):92-116.
[6]Griliches,Z.1990.“Patent Statistics as Economic Indicators:A Survey.”Journal of economic literature,28(12):1661-1707.
[7]Guo,B.2008.“Technology Acquisition Channels and Industry Performance:An Industry Level Analysis of Chinese Large and Medium-size Manufacturing Enterprises.”Research Policy,37(2):194-209.
[8]Hagedoorn,J.1993.“Understanding the Rationale of Strategic Technology Partnering inter organizational Modes of Cooperation and Sectoral Differences.”Strategic Management Journal,14(5):371-385.
[9]Hagedoorn,J.2002.“Inter firm R&D Partnerships:an Overview of Major Trends and Patterns Since 1960.”Research Policy,31(4):477-492.
[10]Hamilton,J.D.1994.Time Series Analysis.Princeton:Princeton University Press.
[11]Harvey,A.C.1989.Forecasting Structural Time Series Models and the Kalman Filter.Cambridge:Cambridge University Press,
[12]http://www.cerge.cuni.cz/pdf/wp/Wp139.pdf,1998.
[13]Hu,A.G.Z.,Jefferson,G.H.,Qian,J.C.2005.“R&D and Technology Transfer:Firm Level Evidence from Chinese Industry.”Review of Economics and Statistics,87(4):780-786.
[14]Jaffe,A.B.1989.“Real Rffects of Scademic Tesearch.”The American Economic Review,No.5:957-970.
[15]Kalman,R.E.1960.“A New Approach to Linear Filtering and Prediction Problems,Transactions of the ASME.”Journal of Basic Engineering,No.82:35-45.
[16]Kinoshita,Y.1998.Technology Spillovers through Foreign Direct Investment[EB/OL].
[17]Laursen,K.,Salter A.2006.“Open for Innovation:the Role of Openness in Explaining Innovation Performance Among UK Manufacturing Firms.”Strategic Management Journal,27(2):131-150.
[18]Li,Shu.and Dianhe Liu.2012.“Research on Technology Introduction and Independent Innovation.”Research on Financial and Economic Issues,No.6:21-27.
[19]Lin,Yifu,and Pengfei Zhang.2006.“Appropriate Technology,Technological Selection,and Economic Growth in Developing Countries.”China Economic Quarterly,No.4:985-1006.
[20]Litterman,R.B.1986.“Forecasting with Bayesian Vector Autoregressions Five Years of Experience.”Journal of Business and Economics Statistics,2(4):25-38.
[21]Liu,Huanpeng,and Taihua Yan.2014.“R&D Capability,Technology Introduction and Innovation Performance.”Shanxi Univeristy of Finance and Economics,No.8:42-47.
[22]Liu,Xiaolu.2011.“The Elementary Determinant of China’s Innovation Capacity:R&D,Technology Imports,or FDI?”Economic Review,No.3:88-96.
[23]Long,G.Y.2008.“The Shape of Ideas Production Function in Transition and Developing Economies Evidence from China.”International Regional Science Review,31(2):185-206.
[24]Mansfield,E.1981.“Schwartz M.and Wagner S.Iimitation Costs and Patents:An Empirical Study.”Economical Journal,91(364):907-918.
[25]Mundlak Y.1961.“Empirical Productions Free of Management Bias.”Journal of Farm Economics 43(1):44.
[26]Qian,Huixiong.2011.“Research on the Condition of Technology Import Boosting Autonomous Innovation.”China Economic Studies,No.5:88-98.
[27]SIMS,C.1980.“Macroeconomics and Reality.”Econometrica,48(1):1-48.
[28]Wu,Hequan.2006.“Take the Road of Independent Innovation with Chinese Characteristics.”Qiushi,No.6:27-28.
[29]Wu,Yanbing.2008.“Indigenous R&D,Technology Imports and Productivity:Evidence from Industries across Regions of China.”Economic Research journal,No.8:51-63.
[30]Xiao,Liming,and Min Yuan.“The Shock of Technology Import on Enterprise’s Independent Innovation.”Jiangxi Social Science,No.7:74-78.
[31]Zhao,H.X.1995.“Technology Imports and their Impacts on the Enhancement of China’s Indigenous Technological Capability.”Journal of Development Studies,31(4):585-602.