Performance evaluation of China's high-tech innovation process: Analysis based on the innovation value chain
Zhiying Liu and
Technovation, 2018, vol. 74-75, 42-53
The Chinese high-tech industry has developed greatly since the beginning of China's â€œNational High-tech R&D (863) Programâ€ and â€œChina Torch Programâ€ . This paper introduces a conceptual model extended from the innovation value chain model to simultaneously estimate the R&D and commercialization efficiencies for the high-tech industries of 29 provincial-level regions in China. To match reality, a network DEA incorporating both shared inputs and additional intermediate inputs is constructed to open the â€œblack boxâ€ view of decision making units used in single-stage DEA. This study is the first attempt to link the R&D and commercialization with a solid theoretical foundation and feasible mathematical methods. The empirical findings show that most of the 29 regions have low efficiency in the commercialization sub-process compared to the R&D sub-process, although there are regional differences in China's high-tech industry. Pearson correlation shows that the R&D sub-process is not closely correlated to the commercialization sub-process in terms of efficiency. Our analysis can provide information for the formulation of policies to achieve high innovation efficiency.
Keywords: Innovation value chain; Shared resource; High-tech industry innovation; Data envelopment analysis (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:74-75:y:2018:i::p:42-53
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