The Comparative Analysis Of Development And Performance Of Innovation Economy In China And Russia

This paper is committed to study Chinese and Russian’s innovation economic development and economic growth performance, the focus is their comparative performance analysis on the basis of their elaborate bilateral economic development and innovation. The description of this article of the two countries’innovation economy is mainly to technological innovation and system innovation, and the innovative economic performance researches its contribution to economic growth. China and Russia committed to the model of development of innovation economic, aimed at achieving economic stability and sustained growth, so that to boost the development and progress of economic and society.This article describes theories of innovative economic and Schumpeterian innovative economic model, and analyzes the evolution mainly via technology innovation school, system innovation school, technological and system innovation integrated school and national innovation system. On this basis, the article describes the development of innovative economic of China and Russia via technological innovation, innovation institution and innovative economic performance, the description is start from the analysis of development situation and method of the technological innovation and innovation institution, then make comparative analysis and summary after study the two countries carefully. For technological innovation, compare and analyze background, development models and innovative ways to achieve economic model of China and Russia separately, summarizes heterogeneous characteristics and common points of innovation and technology development of China and Russia. For innovation systems, describe and analyze the effects of innovation policy via the detailed manifestation of the two countries via innovative policy and promotion method and result, summarizes common characteristics of the developing countries.For research of innovation economic performance of China and Russia, using methods of empirical research and quantitative analysis, quantitative analysis sees the active impact of technological innovation and institutional innovation. Due to limitations of data collection and sample size, this article builds two different models during the empirical study technology innovation economic performance of China and Russia. From the empirical analysis of technological innovation performance of China, we see China’s technological innovation and development achievements played a significant role in promoting economic growth, it is one important part for promoting China’s economic growth. During the empirical study of Russian technological innovation performance, adopt Russia’s domestic patent applications to measure the development of its technology innovation, and make quantitative analysis via the establishment of a vector auto regression model. During the analysis process, using co-integration test, Granger causality test, impulse response and variance decomposition etc., and correct model via establishment of testing and analysis of vector error correction model long-term relationship between the response variable. During the technological innovation and innovation economic development of Russia, there is a clear amplification for technological innovation to economic growth, changes in technology innovation may lead economic growth in utility several times. For institutional innovation performance, since the variables related data collection and implementation of the symmetry of the variables and data between China and Russia, so, the two countries are placed in institutional innovation performance were analyzed in the same model which is based on MATLAB model correlation analysis, and quantitative analysis is a concrete manifestation of institutional innovation system objects, such as government R&D investment, promotion policy in education, technological innovation and financing policies, intellectual property protection policy, tax policy and economic growth correlation and comparative analysis of China and Russia in the above aspects of institutional innovation performance.In this article, from multi-level and multi-angle comparative analysis of China and Russia about technological innovation, institutional innovation, technological innovation and institutional innovation and economic performance, research after comparative analysis and empirical analysis, this article sees the development of innovative economy is the inevitable choice and development trend of economic restructuring, its nature and meaning is competitive advantage shifts to innovation, during the process of economic restructuring, should focus on handling the relationships of innovation economy and manufacturing economy, innovation economy and resource economics, summarizes that during innovative economic development, promoting technological innovation is the power supply to promote the innovation economic, technical innovation performance determines the success of innovation economic development, but, meantime, cannot ignore the important role of innovation systems policy development for technological innovation. Besides, during the transition to a new innovation economic model, the economic development model and methods of transformation determines the innovation performance. Develop innovative economy and make it as a long-term strategy and the ultimate goal of economic transformation, it’s not only the inevitable choice of China and Russia, but also can be reference for other developing countries and emerging economies.