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| The Impact of Different Technology Sources on the Technological Innovation of China's Equipment Manufacturing Industry: based on the Perspective of the Type of Corporate Ownership |
| Dong Jingrong,Fan JianQiang,Zhang Wenqing,Tong Mingyu |
| (School of Economics and Management, Chongqing Normal University, Chongqing 401331，China) |
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Abstract Using the panel data of state-owned enterprises, private enterprises and foreign-funded enterprises in China's equipment manufacturing industry from 2010 to 2017, the paper analyzes the impact of different technology sources on the technological innovation of each enterprise, and further examines the absorption efficiency of the external technology sources of each enterprise. The study finds that the influence of different technology sources on the technological innovation of China's equipment manufacturing industry is significantly different due to the different ownership systems. Among them, the introduction of foreign technology has a significant positive impact on the technological innovation of private enterprises and foreign-funded enterprises. There is no significant impact; domestic technology purchase has a significant inhibitory effect on private enterprises, and has no impact on other types of enterprises; foreign direct investment has a significant positive effect on technological innovation of state-owned enterprises and foreign-funded enterprises, and has no significant impact on private enterprises. Independent research and development has significantly promoted the technological innovation of state-owned enterprises, but has not significantly promoted private enterprises and foreign-funded enterprises. The investigation of absorption efficiency found that the absorption efficiency of various technology sources by different ownership enterprises is low overall, and there are certain differences: state-owned enterprises and private enterprises have higher absorption efficiency for foreign technology introduction, independent research and development and foreign technology introduction. There is a complementary effect; there is a substitution effect between the independent R&D of private enterprises and the purchase of domestic technology; the absorption efficiency of foreign direct investment by foreign-funded enterprises is relatively high.
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Received: 05 September 2019
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