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Evaluating R&D investment efficiency in China's high-tech industry

Evaluating R&D investment efficiency in China's high-tech industry

Han, Chunjia, Thomas, Stephen Rhys, Yang, Mu, Ieromonachou, Petros and Zhang, Hongru (2017) Evaluating R&D investment efficiency in China's high-tech industry. Journal of High Technology Management Research, 28 (1). pp. 93-109. ISSN 1047-8310 (doi:10.1016/j.hitech.2017.04.007)

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Abstract

Research and development (R&D) investment activity plays a crucial role in developing high-tech industries. In recent decades, China has made sustained investments in its domestic high-tech industries, with the goal of increasing their productivity. This paper investigates the effect of this investment on relative R&D efficiency across China’s high-tech sectors. Data Envelopment Analysis (DEA) was used to generate quantitative indices for sector comparisons. The analysis of this study indicates that overall R&D investment efficiency did not increase from 1998 to 2009, despite R&D expenditure increasing by 2188%. Over the same period, most sectors suffered from decreasing returns to scale (DRS), presumably also reflecting the inefficient R&D investment. Most of the sectors showed significant fluctuation on R&D investment efficiency. This research result indicates that the problem of China’s high-tech industry may be from the inefficiency of its technology commercialization processes, and therefore represents a critical parameter for policy makers and managers.

Item Type: Article
Uncontrolled Keywords: Data Envelopment Analysis (DEA); R&D investment efficiency; China’s high-tech industry; Technical efficiency (TE); Pure technical efficiency (PTE); Scale efficiency (SE).
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of Systems Management & Strategy
Last Modified: 18 Apr 2018 16:07
Selected for GREAT 2016: GREAT a
Selected for GREAT 2017: GREAT a
Selected for GREAT 2018: GREAT a
URI: http://gala.gre.ac.uk/id/eprint/16258

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