Innovation efficiency of pharmaceutical industry in China and its influencing factors: a spatial econometric analysis
CAO Yang
ZHANG Wen-si
Abstract：This study,employing the stochastic frontier analysis method,separately measured the innovation efficiencies of pharmaceutical industry in China in the stages of technological development and achievement transformation from 2005 to 2014.And then spatial econometric models were constructed to explore the factors that influenced the innovation efficiency in the two stages.The empirical results showed that,firstly,the two-stage innovation efficiency of pharmaceutical industry were at a low level,and had significant spatial correlation.Secondly,the spatial proximity,level of regional economic development and human capital had significantly positive impact on the two-stage innovation efficiency.Thirdly,government support had significantly positive influence on the innovation efficiency in the technological development stage,while enterprise scale and performance had significantly positive influence on the innovation efficiency in the achievement transformation stage.Finally,regional innovation atmosphere showed significantly negative impact on the two-stage innovation efficiency.
Keywords：innovation efficiencyinfluencing factorsspatial econometric analysis
Publication Date：2017-01-01
Online Publishing Date：2026-08-14(First online date of this platform, not the publication date of the document)
Pages：6( 1351-1356 )