The Interactive Of High-Tech Industry Total Factor Productivity And Export Strategy

The high-tech industry, as the leading industry, plays an irreplaceable role in development of comprehensive strength and promoting economic growth of the country. In recent years, the scale of Chinese high-tech industry continues rapid expansion has been among the major powers in the forefront of the world’s high-tech industry. With rapid growth of high-tech industry, the instability of the industrial structure, the majority of the processing trade and inefficient phenomenon show that high-tech industry is big but not strong in imbalance development. How to adjust the path of high-tech enterprises match trade development strategy and international? Whether the "Wave Phenomenon" of exports and FDI can bring about the factor of production efficiency and improvement of competitiveness? These are becoming the theme and the letter placed in the high-tech enterprises in China. Against this backdrop, the paper will use the New-New trade theory to explain the interactive effects of changes in total factor productivity in Chinese high-tech enterprises and enterprise internationalization path selection. Firstly, starting from the basis of the heterogeneity model we make the theoretical inference mechanism analysis of the relationship between the international line and total factor productivity. Based on the New-new theory, the determinants of high-tech companies to enter the market is the level of total factor productivity and the cost of entering the market. Total factor productivity endogenous decided the path of the enterprise. The theoretical model indicates that only the most productive enterprises will choose FDI, the least efficient enterprises choose domestic business market, the higher total factor productivity companies will choose to export behavior to achieve international operations. We also pointed out that the segment profit function of the interval factor productivity under different behavioral choices and international operations.Total factor productivity is the most important factor to decide the choice of enterprise internationalization path model derived by the heterogeneity of trade theory. Through empirical analysis, we examine the impact of high-tech enterprises in China between international behavior choice and TFP. At the same time, we also verify the heterogeneity theory "self-selection effect" and "export learning effect. First we use the empirical analysis based on nonparametric data, Envelopment Analysis Method, to measure Malmquist index that reflect the total factor productivity of high-tech industry in1995-2010, then compared and classified. The study found that high-tech industry, enterprise total factor productivity level is not high enough. In addition to the aerospace manufacturing industry, the efficiency of export enterprises were generally higher than the non-export enterprises. Therefore verify the applicability of the "self-selection effect" for high-tech industry. On the other hand, the mechanism of total factor productivity on export behavior, we establish sub-industry panel data model and make the validation extraversion behavior of high-tech enterprises to enterprise business efficiency having no significant impact. Further studies showed that processing trade restricted too much of high-tech enterprises total factor productivity improvement to a certain extent. On the other hand due to independent innovation and investment un-efficiency factor productivity is negative with the international behavior. To sum up after the discovery the relationship between high-tech enterprises export behavior and total factor productivity, we give the dynamic evolution of high-tech enterprise with international choice.Based on the above theoretical and empirical analysis, we give the problem of high-tech enterprises conclusions and policy implications to make countermeasures and suggestions for high-tech enterprise.