A Study of R&D Efficiency of Chinese New High-Tech Industry Based on Stochastic Frontier Analysis

Abstract

This paper investigates R&D efficiency (intermediate output efficiency and final output efficiency) of Chinese new high-tech industry and its influencing factors through stochastic frontier analysis method based on panel data. After dividing the new high-tech industry into five different trades (23 subdivided trades), comparative study is carried on concerning R&D efficiencies among the divisions. Finally, suggestions are given on the improvements of R&D efficiencies of Chinese new high-tech industry.