Indigenous Innovation Investments, Knowledge Spillovers Channels And Regional Innovation Outputs

In the era of knowledge-based economy, the dominant of knowledge-intensive industry on economic development has increased gradually, which became the determinant of gaining international competitive advantage. As the knowledge-intensive and technology-intensive industry, high-tech Industry shows the unique advantage in research and innovation, which strengthen the capability of industrial structure transformation. The development of high-tech Industry plays an important role in the research and development. And the national innovation is driven by high-tech Industry. Therefore, it’s particularly important to develop innovation ability of high-tech industry in China effectively to improve regional innovation output. However,Something need to be discussed,such as the internal and external factors which influence innovation output of high-tech industry in China. In addition, the influence degree of the innovation output also needs to be explored.The paper regards the high-tech industry in China as the research objects. And the main purpose is to investigate the action mechanism and the reality effect from internal and external factors to innovation output. Then it will give some constructive Suggestions to improve the innovation ability of high-tech industry in China according to the empirical results. Therefore, the paper concludes the domestic and foreign literature on technology innovation firstly. By the perspective of endogenous and spillovers, it discusses mechanism of action from innovation investments and kno wledge spillovers to regional innovation output, which builds a foundation for empirical research. Then the thesis analyses historical and present situation of Chinese high-tech industry in China. Based on the expanding knowledge production function, the research studies the factors of innovation investments and kno wledge spillovers, which effect on regional innovation output. This article uses the R&D investment personnel and R&D expenditures to represent the innovation investments factors. And it investigates inter-regional knowledge spillovers and international technological spillovers.The results show that considering the innovation investments only, R&D personnel and expenditure have taken the significant positive influence on innovation outputs of high-tech industry. After the introduction of investigate inter-regional knowledge spillovers and international technological spillovers, the promoting effects of innovation investments is higher than knowledge spillovers. Inter-regional knowledge spillovers play the negative influence on innovation outputs of high-tech industry. Nonetheless, the results of exports exhibit of accelerating action, which is stronger than FFE(investment in fixed assets in foreign funded enterprises) and KMT(investment in fixed assets in Hong Kong, Macau and Taiwan Funded Enterprises). Comparing the results of the two regions, we know that the effect factors on high-tech industry innovation are differences between the first region and the second region. The consequence of R&D expenditure is stronger in the region with high inno vation ability. Whereas the result of R&D personnel is higher in the low innovation ability region. International technological spillovers play stronger in the region with high inno vation ability. Export trade is the important way of promoting high-tech industry innovation in two regions. According to the empirical results, this paper puts forward three suggestions. Firstly, we need to raise R&D investments moderately to promote innovation output. Furthermore, we should add ways of knowledge spillovers to utilize external innovation resources. Lastly, we should implement the incentive policies according to the region feature to reduce regional disparities.