The Effect Of Science And Technology Infrastructure On Technological Innovation Under The Condition Of Open Economy

During the post financial crisis era, slowly recovery economies and rapid developmentsof science and technology emphasize the importance of technological innovations.Investments in significant science and technology infrastructures (STIs) have been used as agreat way to improve a country’s innovation ability and strengthen technological competitionamong many countries. Under the condition of open economy, the raise of innovativecapability and progress in technology not only come from independent innovation andaccumulation,but also come from the absorbability and digestive ability of other countries’technologies. However, company with technology locking strategies of advanced countriesand problems about technological suitabilities of developing countries, the spillover effectsof import technologies become insignificant even negative. How to fully use thetechnological innovation effect of STIs and reduce the cost of secondary innovation thenenhance its ability of innovation have become the core problems for backward countries.Firstly, we make a comparison about the development of STIs between differentcountries, and summarize STIs’ general path. It is that construction and maintenance of STIsneed the government R&D funding, while the strength of government R&D funding isnegatively related to the economic development; informationization and network are STIs’trends. Secondly, based on relative literatures, we summarize its innovational mechanisms asresource allocation effect, cooperative innovation effect, human capital effect and secondaryinnovation effect. Then we use panel data from provinces of China in2003-2011to take aempirical test. The result shows that STIs prompts technology innovation significantly, andresource allocation effect is the strongest, secondary innovation effect is second and humancapital effect is the weakest. At last, based on the perspective of absorptive capacity, we putmarket environment and innovative circumstance into the threshold regression model andanalyze related factors of the secondary innovation effect. The result is that STIs do good tosecondary innovation. When market environment strides a certain threshold value, secondaryinnovation effect becomes more significant while innovative circumstance exists a optimalinterval, below or above this value, the effect will become negative or positive but notsignificant. Speeding up the adjustment of industrial structure, implementing economicrestructuring is an effective way to optimize STIs’innovation effects and innovation.