Growth In High-tech Enterprise Based On Endogenous Growth Theory

It's the age of knowledge economy nowadays. With the rapid pace of globalization, science & technology especially high technology, which represents the foreland of science & technology, becomes the key factor of economy growth and international competition. The development of high technology makes the high technology enterprise grow fast, and the high-technology industry which grows up throw industrialization of high technology becomes more and more important in the economical area. The high-technology enterprises appear later in our country and every kind of resources especially knowledge resource is not aboundant enough, therefore many problems exist in the high-technology enterprise development. So how to effectively solve the questions becomes the focus of practice and research in the area of high-technology enterprises. Our paper uses theory application and empirical approach, and devotes myself to researching the development of high-technology enterprises and the way to advance.In order to research the development of high-technology enterprises systematically, our paper discusses the problem of interest by applying endogenous growth theory. The paper analyses the theory frame of endogenous growth theory and resource-based theory, defines the concept of high-technology enterprises, sorts the high technology industries, and analyses the knowledge resource of the high-technology enterprises. Our paper sets up the growth model of the high-technology enterprises by using Romer's model of endogenous growth theory, investigates the growth in competitive economy and open economy. From the investigation, we make a conclusion that the size of knowledge resource in a high-technology enterprise determines the growth rate, while the quantity and quality of employees is the important influence factor of the growth rate. Furthermore, our paper discusses the relationship between learning and growth in the high-technology enterprise. We find that the learning ability has positive effect on the growth rate in the high-technology enterprises.