Journal of Jishou University(Social Sciences)

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Research on the Driving Factors of Independent Innovation Capacity of Strategic Emerging Industries

ZHOU Zejiong,LU Miaomiao   

  1. (College of Economics,Anhui Finance and Economics University,Bengbu 233030,Anhui China)
  • Online:2019-01-01 Published:2019-01-26

Abstract: At present,China's economy is in a key period to change the development mode,and it is urgent to cultivate the strategic emerging industries and improve their independent innovation ability.Based on the model of knowledge production function,market demand,government subsidies and the interaction between technology and enterprise innovation,this paper theoretically analyzes the internal and external driving factors of independent innovation capacity of strategic emerging industries.Building a dynamic panel econometric model and using the 2010-2016 data of China's strategic emerging industries,an empirical study is carried out on the topic.The results show that the research and design personnel,investment and market demand have a significant role in promoting independent innovation capacity,while the role of government subsidies is not obvious.Therefore,in order to enhance the independent innovation ability of strategic emerging industries in China,effective measures should be taken from increasing investment in R&D funds,focusing on the training and introduction of R&D talents,and insisting on market demand-oriented.

Key words: strategic emerging industries, independent innovation capacity, driving factors, system GMM estimation

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