The Foreign R&D Embeddedness,Independent Innovation Capability And Market Innovation Performance

In order to deeply understand the mechanism of foreign R&D spillover and scientifically and rationally formulate foreign R&D utilization policies,this paper deduces firstly the heterogeneous relationship among the foreign R&D embeddedness,market innovation performance and independent innovation capability,and then constructs the empirical public goods logics theoretically.Then,based on panel data of 30 provinces,municipalities and autonomous regions(hereinafter referred to provinces)from 1998 to 2016,this paper uses principal component analysis to measure the foreign R&D embeddedness index of each province.With the perspective of two-dimensional spillover perspective of improving market innovation performance,this paper uses the spatial Durbin model(SDM)to empirically analyze the public goods attributes of foreign R&D capital utilization,further testing the stability of the above conclusions from the perspective of coordinated development of theoretical innovation and applied innovation.Finally,the paper studies the independent innovation ability in foreign capital R&D.The role of embeddedness in influencing market innovation performance.Firstly,based on the model of Dixit and Stigliz(1997),Grossman and Helpman(2004),this paper deduces the relationship among foreign R&D embeddedness,market innovation performance and independent innovation ability.Through the model deduction,it is found that: 1 Small country's foreign R&D embeddedness can't promote its market innovation performance,while big country's foreign R&D embeddedness needs to meet certain conditions to promote its market innovation performance;2Similarly,small country's foreign R&D Embeddedness can't promote its independent innovation ability,while big country's foreign R&D needs to meet stronger conditions to promote its independent innovation ability;3Whether for small or large countries,the improvement of local independent innovation ability can promote the improvement of market innovation performance,and the enhancement intensity is the same for small and large countries;4Due to the existence of spillover effect,it is easier for foreign R&D embeddedness to improve market innovation performance and independent innovation ability.5Considering the heterogeneity of foreign R&D embeddedness,it is found that for the host country which is a big country,the role of foreign R&D embeddedness in improving the innovation performance and independent innovation capability of the local market has a non-linear heterogeneity in the direction of action.Secondly,based on the above theoretical deduction,this paper constructs an empirical logic framework of public goods from the perspective of two-dimensional spillover with the help of spatial Durbin model.Specifically,from the definition of public goods based on non-competitiveness and non-exclusivity,considering that foreign R&D embeddedness may also have non-competitiveness of "consumption" and non-exclusivity of "benefit",the non-competitiveness and non-exclusivity are connected with the spillover effect of spatial Durbin model,forming a two-dimensional spillover perspective.In the spatial Durbin model,we can judge the nature of foreign R&D embeddedness by observing the positive and negative and significance of foreign R&D embeddedness coefficient,R&D embeddedness spatial lag coefficient and market innovation performance spatial lag coefficient.Based on this,we can logically expand the 2 × 2 public goods into 4 broad categories or 19 subgroups goods and theoretically explain the relationship among unprofitable goods,private goods and public goods.At the same time,the public goods index is constructed to quantify foreign R&D embeddedness' s degree of publicity.Through these,the economic concept of public goods can be empirically promoted.Thirdly,on the basis of the above theory and logic,using the spatial Durbin model,the paper constructs the spatial adjacency weight matrix,geographical distance weight matrix,economic distance weight matrix and human capital distance weight matrix,empirically studies the mechanism of the theoretical relationship among foreign R&D embeddedness,market innovation performance and independent innovation capability,and explore the public goods attribute of foreign R&D embeddedness in China.The results show that: 1The spatial aggregation characteristics of both the foreign R&D embeddedness and market innovation performance are obvious,and there exists a positive spatial spillover effect under the weight of geographical characteristics and socio-economic characteristics;2Qualitatively speaking,foreign R&D embeddedness is non-exclusive and competitive,belonging to typical public resources;and quantitatively speaking,the public goods effect of foreign R&D embeddedness in the Yangtze River Economic Zone is the largest,followed by the whole country and the Eastern Region orderly,while foreign R&D embeddedness in other regions shows no public goods effects;3In terms of the more stringent improvement of independent innovation capability,foreign R&D embeddedness still has non-exclusiveness,which belongs to typical public resources or embryonic public resources,being basically consistent with the above conclusions;4The independent innovation capability plays an important mediation role in influencing market innovation performance by foreign R&D embeddedness.The above conclusions are robust to the endogenous problem and the threshold effect of foreign R&D embeddedness.Finally,the article puts forward the corresponding policy recommendations: 1The government should broaden the way of thinking,make an introduction to foreign R&D embeddedness and its spatial spillover,and mitigate the downward pressure of market innovation performance brought by the focus of local innovation policy;2On the basis of identifying the type and quantitative characteristics of foreign R & D embeddedness,combined with the domestic and foreign experience of public goods regulation,the government adopts targeted and personalized foreign R&D guidance programs;3It is suggested that governments at all levels prepare a detailed R&D embedded index table to track and capture local location advantages in attracting and utilizing foreign R&D investment in a timely manner.