Study On The Growth Mechanism Of Emerging Industries Of Strategic Importance In Hunan Province-Based On Independent Innovation

After the recently financial crisis, each country faster the steps to develop emerging industries of strategic importance (EISI) to drive industry structure optimization and upgrading. Moreover, developed countries and regions are competing to occupy a commanding height of high-tech and independent innovation through developing EISI. Hunan province as a strong force to the rising of central China, so the developing EISI will play a greater role under the conditions of two-oriented society construction and transformation of economic growth way. For the growth mechanism of EISI is still at the exploratory stage and no mature experience can learn from, this article attempts to explore endogenous growth mechanism of EISI from independent innovation perspective, which has some guidance and reference significance to the development of Hunan EISI.Firstly, this paper has reviewed some literatures about EISI and independent innovation capability and its evaluation. Based on industry life cycle theory, this paper stand on the viewpoint of independent innovation to explain micro-mechanism of the endogenous growth about EISI, and conclude the growth force of industry.Secondly, following related theories of innovation and industry growth, this paper has explored the relationship between innovation and growth of EISI, and built up a dynamic model to demonstrate how independent innovation propel the growth of EISI. After that, this paper analyzes the developing states and characteristics of Hunan EISI, and subjectively evaluates the innovation capability of Hunan EISI. All of theory building and field investigation will support the following empirical study.Thirdly, this paper has built up a theoretical model of Hunan EISI based on independent innovation, and put up five theoretical hypotheses. Following up empirical research methods, this paper use descriptive statistics, regression analysis, and ANOVA to testify the relationships of independent innovation and the growth performance of EISI. Based on the testified results of 146 samples, all the hypotheses (except for H4) are supported.Lastly, this paper has put up some meaningful recommendation for the Hunan government based on the empirical results and field research.