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An Empirical Study on the Effectiveness of Technology Market Promoting Technological Innovation Capability — Based on panel data in the Yangtze River Delta
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Author: Xiaojing Lv, Dongphil Chun
Abstract: Based on panel data such as 2009-2018 R&D expenditures, full-time equivalent of R&D personnel, Number of valid invention patents, and technology market turnover in China's Shanghai, Jiangsu, Zhejiang, and Anhui provinces (cities), using Griliches-Jaffe knowledge to produce Function, construct Time fixed effects model , conduct empirical research on the main factors affecting the technological innovation capability of the Yangtze River Delta, focusing on the relationship between the technological market and technological innovation capability. The results show that human capital and R&D expenditures have a significant and positive impact on the technological innovation capacity of the Yangtze River Delta. Although the technology market has a positive effect on the scientific and technological innovation capacity of the Yangtze River Delta, the effect is not significant. Propose countermeasures and suggestions to strengthen the influence of the technology market on technological innovation.
Keywords: Technology Market, Technological Innovation Capability, Yangtze River Delta Region, Fixed Effects Model
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