Technology Innovation And Growth Efficiency

This paper proposes an explaining framework of the technological innovation efficiency basing on the TFP decomposing indices. It consists of technological efforts, technological capabilities, social return to innovation and uncertainty. They separately evolves from input growth rate, technical efficiency, allocating efficiency and errors in the production function model measuring economic efficiency. Such an extending indices is utilized to explain technological innovation efficiency of big firms in manufacturing sector of China.The third part especiallly focuses on the index of social return to technonogical innovation.Such an index is utilized to measure wehther firms have coordinative efficiency in innovatioan activities. A too high or too low social return appropriated level comparative to standard level (in the vicinity of zero) reveals a non-coordinative efficiency in innovation activities.This research shows that firms with coordinative efficiency cluster in labour input intensity and higher output elastisity manufacturing sectors. It reveals that innovation activities in firms of manufacturing sectors are kinds of capital saving and labor utilizing; are kinds of product innovation; and are kinds of social return appropriation.The following part details in such a coordinative efficiency concept related in knowledge economy from a philosophy view. Point out the differences between modern efficiency view and traditional efficiency view. The point of Coordinative Efficiency view lies in the coordination between private return and social return of innovation activities.In order to help those firms with non-coordinative efficiency in manufacturing sectors, this paper proposes some mechanisms of facilitating efficiency growing in a coordinative way, including division& collaboration, small firms clustering, big firms alliances and interactive learning.