Differentiated Innovation Policy Of Strategic Emerging Industries

Since the outbreak of the financial crisis in2008, the countries of the world have increased investment in science and technology innovation, and strive to take the lead out of the crisis through the development of new technologies and foster new industries. The new round of technological revolution has begun to become a top priority in order to seize the technological high ground, through the development of strategic emerging industries of China. Since the national strategy for the development of strategic emerging industries, theorists also set off a craze of relevant theoretical and empirical research. This is because the strategic emerging industries to economic theory raised many new issues, and the development of strategic emerging industries also need the support and promotion of the economic theory.The emerging industry is relatively weak in the production early, but it represents the future direction of development, many countries will choose the overall economy has strategic emerging industries, policy support and guidance, and to promote the rapid growth of the national economy. Since the beginning of2010in the government work report, Premier Wen Jiabao pointed out the need to make great efforts to cultivate the development of strategic emerging industries, the central and local governments at all levels in order to foster the development of strategic emerging industries, optimize emerging industries of strategic policy environment, intensive issued a series of clear strategic emerging industries support policies. Due to the weak foundation of technological innovation, lack of technical reserves and other reasons, to foster the development of strategic emerging industries facing the lack of technological resources and a major breakthrough in research progress slow. Strategic emerging industries in major technological breakthrough is based on scientific and technological innovation plays a vital role in the development of strategic emerging industries, government innovation support policy to guide and promote the level of innovation and performance is particularly important. Strategic emerging industries, innovation policy is inseparable from the micro-enterprise heterogeneity and industry characteristics, thus perfect to foster the development of emerging industries of strategic innovation policy system, which is undoubtedly a great theoretical significance and practical value. By distinguishing R&D incentives between different enterprises, government can implement innovation support policy more effectively. Since Schumpeter proposed innovation theory, the impact of corporate attributes of innovation has been the theoretical and empirical researchers focus on hot issues, such as the size of firm size, enter the sequence, monopoly or competitors, state-owned enterprises or private enterprises and so on. In the context of the country vigorously develop strategic emerging industries, many companies have been pouring into a strategic emerging industries, some of these enterprises to enter the traditional enterprise, while others are newly established enterprises. In order to analyze the R&D incentive of enterprises, we divide the enterprises in the strategic emerging industries into traditional enterprises in transition and newborn enterprises. Government innovation policy enterprise sources Perspective This paper describes the theoretical basis and the analysis and review of policy evaluation of the background of China’s innovation policy system a combination of qualitative and quantitative analysis of the emerging industries of strategic innovation policy system. In the study of differences in the traditional transformation of enterprises and new enterprises innovation incentives, first establish a R&D competition game model, then we undertakes an econometric analysis of the effects of enter timing and firm size on R&D expenditure by using the data of the listed companies of103strategic emerging enterprises from2006though2011. We use bootstrap test to examine whether there are statistically significant differences between regression coefficients of traditional enterprises in transition and newborn enterprises. Studies have shown that the newborn enterprises have greater R&D incentives to innovate compared to traditional enterprises in transition which entered the strategic emerging industries at the same time point. Strategic emerging industries requires not only the overall research also need local research. This article selected high-end equipment manufacturing and new materials industry case studies. The two industry-specific R&D innovation and technical efficiency, and industrial innovation policy perspective based enterprises sources. By distinguishing between enterprises of different characteristics of the R&D incentives, the government can more effectively against enterprise innovation support policy. Through theoretical and empirical research, the paper argues for traditional industries based on technology convergence formed strategic emerging industries, government innovation fund to invest in, in order to compensate for the lack of traditional corporate R&D in transition should focus on traditional businesses in transition; need Government innovation Fund to invest in technology across the formation and development of strategic emerging industries should focus on R&D incentives newborn enterprises. Government innovation policies need to adopt differentiated innovation support policy for the innovative features of the traditional transformation of enterprises and new enterprises.In the selection of the research methods, this article will regulate research and experience, the use of research at home and abroad on the research questions and theoretical foundation, contact the actual development of strategic emerging industries in China and strive combination of logic and history. Through the perspective of the evolution and development of the theoretical basis of the study and other content. Multidisciplinary theory of industrial economics, development economics, finance and management science, through the combination of deductive and reasoning, game theory, econometric methods, in-depth study of the case study method on the research questions.This article may innovation is mainly reflected in:(1) Tightly around the support of strategic emerging industries to nurture the development of innovation policy system, combined with the characteristics of China’s national conditions and practice experience, in-depth analysis of the practical issues of innovation policy in the development of China’s strategic emerging industries, enrich and improve the development of strategic emerging industries innovation policy theory and mechanism of action. Adhere to the double guiding principle of academic research and practical problems efforts to crack the technology innovation policy reality bottleneck restricting the development of strategic emerging industries, nurture and develop the practice to provide the scientific and theoretical basis for China’s strategic emerging industries.(2) For the development of China’s strategic emerging industries in reality, from the enterprise into a new perspective of the different sources of strategic emerging industries, the business is divided into the traditional transformation of enterprises and new enterprises theoretical differences of these two types of enterprise innovation incentives and empirical research, and incentives to innovate differences emerging industries of strategic innovation policy linked to the emerging industries of strategic innovation policy differences.(3) In terms of empirical research, for micro-enterprise level data econometrics, empirical method effective evaluation of the overall situation of China’s strategic emerging industries to support policies and use repeated sampling of statistical methods to test the traditional transformation of enterprises and the differences in the innovation of new enterprises incentive for the relevant government departments to develop and implement strategic emerging industry innovation support policies to provide targeted policy recommendations.The research carried out some innovative attempts in two aspects of theoretical and empirical. However, there are still some inadequacies and need further study in the future from the contents of current study and results. In the content of theoretical analysis, there is still inevitably lack of theoretical foundation due to the innovative attempts. However, along with national strategy of strategic emerging industries, there will be new problems and challenge for economists and government. Therefore, in the next step of the research, we need to reinforce the theoretical basis and of the content. In the content of mathematical model, we only considerate the process innovation except the product innovation. So for the next step of the research, we will discuss the mathematical model of product innovation. In the content of Empirical analysis, in order to overcome the lack of firm-level data strategic emerging industries and ensure adequate sample size, we use the data of seven industries of strategy of strategic emerging industries. However, the each of seven strategic emerging industries has its personality characteristics. Therefore, in the next step of the research, we will undertake extensive survey of several typical industries, collect a large number of first-hand data for more empirical research. The survey of enterprises can take different forms, such as questionnaire, field trips, and informal discussion. Through in-depth investigation we can expand the sample size, and obtain the conclusion of specific industry, and then make a more targeted and constructive policy recommendations for the differentiated innovation policy of strategic emerging industries.