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| Institutional Environment, Technological Innovation and Traditional Industrial Upgrading |
| Lu Chang,Wang Yuanyuan,Yu Bo,Liu Lina |
| (School of Management, Harbin Institute of Technology, Harbin 150001, China) |
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Abstract Taken institutional environment as a threshold variable, the threshold model was constructed based on Chinese panel data from the year of 2008 to 2015 to analyze the relations-hip between technological innovation and traditional industrial upgrading. The empirical results show the difference of institutional environment in different regions leads to the obvious threshold effect of technological innovation on the upgrading of traditional industries. When the level of marketization is relatively low, the effect of technological innovation on the upgrading of traditional industries is not significant. With the increase of the marketization, the role of technological innovation in promoting the upgrading of traditional industries has gradually emerged, and the strength of promotion is an inverted U-shaped structure. The research results provide a new theoretical perspective for the upgrading of traditional industries, it is also significant on how to promote the upgrading of traditional industries more effectively through technological innovation.
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Received: 15 February 2019
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