Market Scale And Industrial Technology Innovation

In recent years,it has become more and more difficult to adapt to the development needs of China’s manufacturing industry by relying on traditional labor-driven models such as cheap labor and foreign capital spillovers.Finding new drivers for future industrial development has become a key issue for society,government and academia.At present,China has gradually become the most important consumer market in the world.There is a huge demand potential in the market scale.Therefore,exploring whether to rely on the market to drive innovation is of great significance to the upgrading of China’s manufacturing industry in the new situation.Since the 21 st century,the value of technological learning in technological innovation,industrial development,and regional and national competition has become increasingly prominent.The influencing factors of technological learning have also become hot topics in government departments,academia,and industry.However,the cost of technology learning as a fundamental factor in determining the success of technology learning has not received the attention it deserves.In order to make up for the gaps in the existing research,the article attempts to use the relevant data of 28 manufacturing industries in China from 2011 to 2016 to construct a fixed-effect model and a system GMM model,exploring the industry as a whole and sub-industry.The influence of market size on industrial technology innovation and internal logic,as well as the cost of technology learning between the two.The study found that:(1)There is a significant positive correlation between market size and industrial technology innovation,both in the industry and at the sub-industry level,and this positive impact is most evident in technology-intensive industries;(2)market size There is a significant negative correlation with the cost of technology learning,that is,the expansion of market scale helps to reduce the cost of technology learning in the industry.(3)Technology learning cost has a reverse effect on industrial technology innovation,that is,the reduction of technology learning cost can provide favorable conditions for industrial technology innovation;(4)Technology learning cost plays a partial intermediary role in the relationship between market size and industrial technology innovation.(5)The regression results of various control variables(human capital,R&D intensity)show certain industry differences,that is,they will show different functional connotations with the different characteristics of industry development.