High-tech Industry Technology Spillovers

It's important to study the high-tech industry technology diffusion while focusing on its own technological capabilities and production capacity. And technology spillover effect is an important aspect of the diffusion. In recent years, technology spillover effect of high-tech industry has become a hot research topic. This paper begin with the enunciation of the characteristics of technology and its spillover process, First, a clear concept of technology spillovers and their characteristics, such as externalities, implicit form, interactive features, etc., are presented. And then we sum up ways of the formation process of technology spillovers from different aspects like the flow of product-based or assets, human capital flows, technology research and development collaboration, informal communication, etc.. On this basis, we go on to explore the mechanism of the process of technology spillovers and corresponding indicators, according to the characteristics and mechanism of technology spillovers. Finally, from both qualitative and quantitative point of view, combined with panel data model and ordinary least squares regression, comprehensive utilization of statistical data analysis and econometric methods and techniques are employed to do a more systematic empirical study of Beijing high-tech industry, including the characteristics of Beijing Hi-tech industry spillovers, process and operation. After this, the corresponding policy recommendations are presented on the basis of the conclusions.The empirical results show that:Beijing high-tech industry is still in its growth stage, the industrial cluster environment plays no significant benefit for technology spillovers; own R&D intensity have a decisive role in technological progress, it can improve the industry labor productivity, strengthen the inter-industry product innovation technology spillovers, it also affects the market environment-increasing competition the market, thereby enhancing the efficiency of personnel labor productivity and competitiveness; the industry investment in human capital is conducive to upgrading the industry's absorptive capacity, helping to absorb the other industries innovations; inter-industries innovative products' spillover effects obviously affect the industry TFP and technical efficiency. while it has no significant effect on the industry technological progress; the Beijing high-tech industry's R&D investment in new technology products aren't very effective in absorbing innovation; the overall impact of technology spillovers to Beijing Hi-tech industry total factor productivity is mainly through changes in technical efficiency; From the inter-industry perspective, Those technology-based industry have larger spillovers effects, like computers and telecommunications industries, their total factor productivity growth are mainly stimulated by own the impact of R&D investment, while other high-end technology industries are largely affected by the spillover effects.Market competition can promote technological progress in traditional industries; technology spillovers based on the transfer of fixed assets contribute to the improvement of traditional industries' labor productivity, and trade in products between the two sectors can promote the technology efficiency of traditional industries; high-tech industry's R&D activities has a significant spillover effects on the traditional industries' technology advances; over all, Technical efficiency of traditional industries is mainly affected by market competition and inter-innovative products trade, while technological progress is obviously affected by the high-tech industry's R&D activities; From the inter-industry perspective, The significant confidence level of the spillovers effect is closely related to inter-industry input-output relations. Those industries which are correlated to the Hi-tech industry in the production technology or market transactions are more significantly benefit from the technology spillovers, especially the Technology-intensive industries.