An Analysis On R&D Activity And The Capital Regional Innovation Performance

Innovation is the fundamental driving force to promote regional economic development. For enhancing regional innovation ability, we should pay attention to enhancing regional innovation performance. The key of speeding up the pace of Beijing being ranked as an innovative city lies in changing innovation mechanism, playing in the integration of R&D resources, scale and synergy effects. By analysis in details on the R&D activities and innovation performance of the Capital, this study in an attempt to put forward some specific policies and proposals on how to optimize R&D investment structure, strengthen R&D cooperation, and then improve the efficiency of R&D and innovation performance.First of all, this paper makes an analysis of the status quo of R&D activities and innovation performance of the Capital at both macro-level and micro-level. We reach the major factors of R&D activities restrict the upgrade of regional innovation performance in the Capital: the R&D investment structure is irrational; the efficiency of R&D activities is extremely low; the R&D cooperation is at the low level.Then, using the relevant time-series ataset samples and based on four knowledge production function models, the paper investigates the determinants of the four forms of innovation performance: patents, new products, international technical papers, as well as technical market transactions output. The key findings of the OLS estimate results include: first, universities R&D and large and medium-sized industrial firms R&D (particularly for new product development firms), made great contributions to the Capital innovation performance; second, scientific research institutions R&D, the combination of government and enterprises R&D doesn't contribute obviously to the Capital innovation performance; third, R&D personnel in general did not have or even have negative impact on the Capital innovation performance; four, the extend of knowledge spillover of universities R&D to the enterprises is deeper than scientific research institutions R&D; five, the firm size of large and medium-sized industrial enterprises and the firm size of high-tech industrial development zones have different impact on the regional innovation performance; six, non-state-owned economic development in a low extent promoted the regional innovation performance.Finally, by the combination of the status quo of R&D activities and innovation performance of the capital and knowledge production function estimates, the paper put forward six aspect policy recommendations to promote R&D efficiency and the regional innovation performance.