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The Mechanism of the Influence of Information Technology Investment on the Efficiency of Regional Innovation in Two Stages from the Perspective of Spatial Correlation |
Zhang Zhiguang,Bai Yangrui,Hu Haiqing |
(College of Economics and Management,Xi'an University of Technology,Xi'an 710054,China) |
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Abstract The issues of resource endowment, low input-output efficiency and uneven spatial distribution of resources are restricting the implementation of China's regional innovation development strategy, resulting in obvious spatial agglomeration characteristics and huge regional differences in China's innovation efficiency. It has become the key to achieving innovation-driven development by improving innovation efficiency and the quantity and quality of innovation output on the basis of limited innovation resource input. To solve the various contradictions in the current economic development and make technical breakthroughs in the high-tech field, it is necessary to further improve the level of national innovation as a driving force. Because of the differences in innovation resource allocation, innovation environment and industrial base, the innovation process and innovation efficiency of different innovation stages should be treated specifically. #br# As an important means to create and cultivate new economic momentum and new economic growth points, information technology has become a key support point for innovation-driven high-quality economic development, and is significant for optimizing regional resource allocation and industrial structure adjustment. Information technology not only provides high-quality R&D personnel, accelerates organizational learning and knowledge flow and reduces organizational costs of technology R&D, but also promotes the quality and efficiency of traditional industries through penetration and substitution effects, deriving various emerging economies and digital platforms, thereby improving regional productivity and achieving innovation-driven development. In addition, there is a close geospatial relationship between regional innovation systems and their innovation elements, and it is necessary to include spatial econometric models in the research process to examine the innovation effect of information technology investment and the phenomenon of spatial agglomeration.#br#According to the innovation value chain theory and geographical economics, the regional innovation process is divided into technology research and development stage and market transformation stage, and the regional innovation efficiency of China from 2012 to 2020 is calculated based on the panel stochastic frontier analysis, and the impact of information technology investment on the two-stage innovation efficiency from the perspective of spatial effect is empirically examined, and the moderating effect of information technology industry scale is tested. The results show that the regional innovation efficiency in China's technology R&D stage shows an increasing trend year by year, and the market transformation stage shows a U-shaped pattern of first declining and then rising. There is a significant positive spatial correlation between the efficiency of two-stage innovation. There is a positive U-shaped relationship between information technology investment and innovation efficiency in the technology R&D stage, and an inverted U-shaped relationship with innovation efficiency in the market transformation stage. The scale of information technology industry is negatively and positively moderating respectively the impact of information technology investment on regional innovation efficiency in the stage of technology research and development and market transformation. Hence,it is vital to strengthen the quality of innovation in the stage of technology research and development, attach importance to basic research and rational allocation of the scale of information technology industry, and avoid serious excessive industrial convergence and waste of resources. #br#In order to improve the efficiency of regional innovation in China, the following policy suggestions are hereby put forward. First, in the stage of technology research and development, governments should further improve the construction of innovation ecosystem, actively implement scientific research and innovation reward and subsidy policies,and strengthen the quality of basic research investment and infrastructure construction. Secondly, in the stage of market transformation, all regions should improve the matching mechanism of scientific and technological achievements and market transformation, and accelerate the promotion of industry-university-research cooperation, and improve the trading and supervision system of the technology market to ensure the efficient operation of scientific research achievement transformation activities; in addition, since the impact of information technology investment on regional innovation efficiency in the two stages is different,each region should form its own unique information technology development strategy and industrial planning to prevent homogeneous competition and low-level duplicate construction, forming dislocation development; finally, it is essential to focus on the spatial agglomeration in innovation activities, give play to the synergy and complementary mechanism of regional high-tech industries, and explore cross-regional innovation cooperation models.#br#
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Received: 22 June 2022
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