Intermediate Goods Imported Technology Spillover And Technological Innovation

Technological progress is the source of a country's economic growth.China's intermediate goods imported technology spillover is the main way of promoting technological innovation at this stage.Financial factors,which infect the capacity of absorbing the overflow of intermediate goods in importing country,play a significant effect in the spillover of technology.so it is an important task to link financial factors and intermediate goods closely to promote industrial upgrading and transformation of economic development.This paper uses financial development scale and financial development efficiency as substitution variables of financial development,using the regional panel data from 1998 to 2014,from the perspective of financial development,establishing a threshold model to do empirical analysis of the relationship of intermediate goods imported technology spillover and technology innovation.First of all,we do threshold regression analysis in the overall national level,then having comparative analysis among east,middle and west areas.finally,we further study the level of financial development in specific provinces.Studying from the national level finds that: the financial development scale and financial development efficiency presence "threshold effect" on the relationship of intermediate goods imported technology spillover and technology innovation.the financial development scale presenting "dual-threshold effect" with a marginal efficiency increasing features;the financial development efficiency presenting "a single threshold effect" and also shows marginal efficiency increasing features.From the comparative research among the East,Central and Western regions finds:(a)the Eastern presences the "double threshold effect" of intermediate goods technology spillover based on financial-scale development,while the Central and Western financial development scale have not reached the threshold.(b)intermediate goods spillovers presences "threshold effect" based on the financial development efficiency in the Eastern,Central and Western,Where the East and West exist "single threshold effect" with the marginal efficiency increasing,while the Central exists "double threshold" effect with the marginal efficiency from decreasing to increasing.(c)comparing the efficiency of three lateral marginal regions,we finds that the marginal efficiency of the Eastern was less than the Central and the Western.(d)analyzing regional statistics finds that Beijing,Shanghai,Zhejiang have reached the maximum size of the financial development scale threshold and financial development efficiency in the three regions are on the whole moderate level,only Tianjin,Zhejiang,Anhui,Fujian have achieved the best efficiency levels.