IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v192y2023ics0040162523002706.html
   My bibliography  Save this article

The impact of government support and market competition on China's high-tech industry innovation efficiency as an emerging market

Author

Listed:
  • Wan, Qunchao
  • Ye, Jiangfeng
  • Zheng, Li
  • Tan, Zhihong
  • Tang, Shiyi

Abstract

With the building of an innovative country in an emerging market, the role of government support (GS) and market competition (MC) in the innovation efficiency of China's high-tech industry (HTI) has become increasingly prominent. Considering innovation value chain (IVC) theory, based on 2004–2016 panel data covering 30 regional HTIs in mainland China, the spatial autoregressive (SAR) Tobit model, stepwise regression method with spatial factors, and threshold panel model are applied to examine the main effects, moderating effects, mediating effects, and nonlinear effects of GS and MC on the innovation efficiency of China's HTI. GS significantly inhibits the industry's technological development efficiency but promotes its innovation achievement transformation efficiency. However, the impact of MC on the industry's technological innovation efficiency has stage homogeneity, significantly promoting both stages of innovation efficiency. Economic policy uncertainty (EPU) exerts a significant moderating effect on GS and technological development efficiency. The transmission mechanism test reveals that technology market development (TMD) has a partial mediating effect between GS and technological development efficiency, while a masking effect exists between MC and technological development efficiency. A complete mediating effect exists between GS and innovation achievement transformation efficiency, while a partial mediating effect exists between MC and innovation achievement transformation efficiency. Regional heterogeneity is apparent. Of note, the impact of MC on the industry's technological development and innovation achievement transformation efficiency has a nonlinear effect based on GS.

Suggested Citation

  • Wan, Qunchao & Ye, Jiangfeng & Zheng, Li & Tan, Zhihong & Tang, Shiyi, 2023. "The impact of government support and market competition on China's high-tech industry innovation efficiency as an emerging market," Technological Forecasting and Social Change, Elsevier, vol. 192(C).
    • Handle: RePEc:eee:tefoso:v:192:y:2023:i:c:s0040162523002706
    DOI: 10.1016/j.techfore.2023.122585
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162523002706
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2023.122585?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shiying Xu & Fuqiang Yang & Qian Yang & Binbin Chang & Kun Wang, 2024. "Drinking Poison to Quench Thirst: Local Government Land Financial Dependence and Urban Innovation Quality," Land, MDPI, vol. 13(4), pages 1-16, April.
    2. Cheng, Manli & Wang, Junbo & Yang, Shanlin & Li, Qiang, 2024. "The driving effect of technological innovation on green development: From the perspective of efficiency," Energy Policy, Elsevier, vol. 188(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:192:y:2023:i:c:s0040162523002706. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.