The Study On The Factors Of Competitiveness Of New High-tech Industry

In the background of knowledge and economy era, the new high-tech industry is facing a good opportunity to develop. The new high-tech industry has the characteristics of knowledge-intensive and technology-intensive. The new high-tech industry itself develops quickly but also undertakes the leadership to drive other industries to move on. The new high-tech industry represents the direction of future development of industries. The level of industrial competitiveness represents the situation of overall economic strength and scientific research strength of one country. It is urgent to speed up the development to enhance the industrial competitiveness because the new high-tech industry in our country has late beginning and weak foundation. Therefore it is especially significant to conduct a research on the competitiveness of the new high-tech industry.The paper first analyzes the current situation of new high-tech industry development from present situation of production and international comparison. The new high-tech industry increases more and more quickly, but it presents the characteristics of unbalance industrial and regional development. Then based on the theory of Porter’s “Diamond Model” and Ben jieming’s “New Diamond Model”, it concludes eight main factors. The industrial competitiveness of new high technology uses the profit as the measurable indicator. The econometric model is build with the eight indicators mentioned above as explanatory variables and profit as explained variable. These eight indicators are employees, investment of fixed assets, R&D personnel, R&D expense, the amount of large and medium enterprises, FDI, industrial level and tax. The paper uses the panel data of all areas from 2007 to 2012 and takes full advantage of the econometric software called Stata12.0 to conduct an empirical test. It combines the econometric method of static panel and dynamic panel. It first conducts an empirical analysis on the factors of industrial competitiveness of new high technology. It presents the following conclusions: The lag of profit has a significant and positive effect on the current profit. These factors called the amount of employees, the investment of fixed assets, R&D personnel, the number of large and medium-sized enterprises, and foreign direct investment have significant effects of promotion on the industrial competitiveness of new high technology. The influence of the input of R&D expense is not significant. Industrialization level has an effect of inhibition. The less tax the government imposes, the more it contributes to the development of new high-tech industry. Then it divides the new high-tech industry into five sub-industries. According to the data availability, the five sub-industries choose six main factors from eight main factors above. The six main factors are employees, investment of fixed assets, R&D personnel, R&D expense, industrial level and tax. To every industry, it uses those factors to conduct an empirical test and make an explanation about the empirical result.Finally it puts forward the suggestions about how to increase the competitiveness of new high-tech industry based on the combination of empirical result, present situation of development and reference. We need to begin from the industrial policy. First, we need to adjust industrial structure actively. Second, we need to invest more in R&D and cultivate excellent persons. Third, we need to improve the industrial support policy. Only through these ways, can it effectively enhance the competitiveness of our new high-tech industry.