The Empirical Study Of The Influence Of Innovation Heterogeneity On Economic Growth

The nature of the enterprise is to seek innovative behavior differences in realeconomic activity. The Competitive advantage and increased productivity frominnovation is the root causes of economic growth and sustainable change. Since theendogenous growth theory takes the technological progress as the source of economicgrowth, the studies on technological innovation and economic growth that has been ahot topic in academic circles. However, the usual objective assumption of "innovationhomogeneous" is always defective. In fact, Different production techniques,Differences in geography, the gap between corporate culture and factor accumulationin real life often resulting in different businesses and individuals showed heterogeneity.Therefore, based on the above-motioned concerning, this paper takes "innovationheterogeneity" thoroughly and completely into the classic endogenous growthframework, and cleverly combines relevant thoughts of micro industrial organizationand macro economic growth theory, to study the effect of innovation activities oneconomic growth from the heterogeneity perspective.Firstly, this paper creatively build a measure of innovative heterogeneity withcorrection Euclidean distance method and divided it into innovation inputsheterogeneity and innovation outputs heterogeneity. Then this paper use modifiedRomer endogenous growth theory to take "innovation heterogeneity" into the classicendogenous growth framework On this basis, this paper makes an empirical researchon the effects of innovation heterogeneity to economic growth using the2000-2012time series data and the industry level panel data from the macro-level and micro-leveldeparture Respectively. In addition, this paper empirically researches the maindeterminant of the innovation heterogeneity. From the results, we find that innovationheterogeneity exists in all levels of socio-economic facts and can significantly raise theeconomic growth. However, the innovation heterogeneity in different industrycontributions inconsistently to economic growth. In addition, this paper finds thatmarket and Openness of the industry have a significant positive effect to the innovationheterogeneity while the firm size, ownership structure and Innovative financingstructure have a significant negative effect to the innovation heterogeneity. Finally,according to the results of research conclusions, this paper proposes some relevantpolicy recommendations about how to use innovation heterogeneity to improve China’seconomic growth heterogeneity.