Construction And Empirical Study On High-tech Industry Growth Model

High-tech industry is the industry to produce high-tech products by using the modern cutting-edge technology. Domestic and international experience shows that high-tech industry has an important leading role in a country's economic growth and industrial upgrading. That how the emerging high-tech industry to become quickly the dominant high-tech industry, and the leading high-tech industry to grow better, determines directly the contribution of high-tech industry to economic growth. Therefore, the construction of high-tech industry growth model, and the study of growth stages and critical conditions for high-tech industries in China are undoubtedly of great theoretical and practical significance.The paper has five chapters. Chapterâ… is an introduction. Chapterâ…¡proposes innovatively the concept of the high-tech industry growth index, which is the comprehensive characterization of the growth of high-tech industry, then establishes a high-tech industry growth metrics using indexes for measuring high-tech industry's growth and the weight for each index allocated by the method of principal component analysis. Chapterâ…¢constructs the high-tech industry growth model using logistic curve equation, and analyzes quantitatively high-tech industry growth stages and transition conditions. Chapterâ…£gives the analysis of the growth index, the judgment of the growth stage and the discussion about transition conditions for high-tech industries in China. The last chapter is about the conclusions and research prospects.The paper argues that high-tech industry growth index is a mark that can reflect the overall growth status and trends of high-tech industries concluding its size, organization and structure. The size and trends of the index shows directly the growing situation of high-tech industry. In China, most of the seventeen high-tech industries showed a better overall growth situation with a rising trend of the growth index year by year, while the industry growth rate is quite different among them. The emerging high-tech industries currently in China have 7 sectors, such as Chinese patent medicine manufacturing, biological and biochemical product manufacturing, medical equipment and instrument manufacturing, broadcasting and television equipment manufacturing, electronics manufacturing, aircraft and repair manufacturing, spacecraft manufacturing, and leading high-tech industries have 8 sectors, namely chemical medicine manufacturing, instrument and meter manufacturing, electronic component manufacturing, computer machine manufacturing, computer peripheral equipment manufacturing, office equipment manufacturing, communication equipment manufacturing, radar and auxiliary equipment manufacturing. New high-tech industries in China can be enabled into the growth stage as soon as possible by promoting its potential growth coefficient. Leading high-tech industry can be made the most of its potential growth and the leading role by promoting the growth saturation of China's high-tech industry. The key factors for promoting potential growth coefficient and the saturation value of high-tech industry in China are respectively to increase the productivity and expand the market demand, and technological innovation has an important role both in improving the productivity and expanding the market demand. In the end, the paper puts forward policy recommendations for the high-tech industry growth and its stage transition.