| The high and new technology industry, which features high-tense of knowledge and intelligence, is based on new achievements of science and technology. Its development depends on good institutions so as to promote the integration of factors of talent, technology, capital, etc.. The high and new technology industry plays an important role to optimize and upgrade the industry structure and to increase comprehensive economic strength. As China's high and new technology industry is making great progress, but problems such as low efficiency and weak innovation capability still exist. Besides the primary stage of economic development in China, the deep-seated cause for these problems is the lack or faultiness of supporting institutions for the high and new technology industry. The dissertation, based on neo-institutional economics theory and integrating methods of system science and management science, studies the institutional innovation of high and new technology industry to supply a theoretical basis and corresponding suggestions.The dissertation discusses correlative theories of institutional innovation of high and new technology industry including the equilibrium and non-equilibrium theories of institution, the supply and demand theory of institutions, the theory of property rights and the theory of state, and summarizes experiences in institutional innovation of high and new technology industries in United states, Japan, Indian and China's Taiwan.The dissertation regards the institutions of high and new technology industry as a system, analyzes it with Interpretive Structure Model(ISM), and concludes a three-layer institutional systematic structure. Informal institutions such as social behavior norms are at the first layer. Legal environment and management institutions are at the second layer, and other specific institutional arrangements are at the third layer. The dissertation puts forward a cycle course of institutional innovation mechanism of high and new technology industry, that changes from equilibrium to non- equilibrium and then recycles. The property of different institutions and advantage position is considered, and demonstration as well as game theory analysis is done. The conclusion is obtained that the innovation of social behavior norms, legal environment and management system is a mode of state domination. Because specific institutional arrangements are diversified and complicated, their institutional innovation is a combined mode of both state supply domination and micro-subjective demand inducement.The dissertation examines the course of institutional changes of high and new technology industry in China and its performance. It verifies the mode of institutional innovation of high and new technology industry mentioned before. The performance of institutional change can be reflected by institutional efficiency. The institutional efficiency with Data Envelope Analysis (DEA) is analyzed. The results show that the institutional efficiency varies largely in serial years and indicates a diminishing trend. Therefore, the institution needs continuous adjustment and innovation. The institutional innovation mechanism of high and new technology industry is also tested indirectly, which is described before.According to factual situation, there are a series of problems in China's high and new technology industry institutional system, such as lack of innovative culture, faulty legal environment and management system, inefficient specific institutional arrangements such as finance and taxation rules, and so on.Finally, the dissertation presents countermeasures and proposals of intuitional innovation of China's high and new technology industry. The institutional innovation must follow three principles: emphasizing on informal institutions innovation such as culture and putting people first; combining state supply domination with effective participate of micro-subject; combining institutional innovation internally generated with institutional innovation externally enlightened.As for the contents of China's high and new technology industry institutional innovation, first, the innovative cultures that benefit development of high and new technology industry must be created and the market and government role on the development of high and new technology industries must be recognized fully. Second, the legal environment must be innovated and a market-based management system which can fully exert governmental function must be established. At last, specific institutional arrangements such as finance and taxation institutions also needs a range of innovations and then be implemented.
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