Research On The Relationship Between Industrial Technology Policy,Technology Learning Cost And Innovation Output

Technological innovation is an important driving force for economic development.However,technological innovation has the characteristics of high investment and high risk.The spillover of technological achievements often leads to the free free rider behavior of other enterprises,so that the enterprise income is far lower than the social income,causing a certain degree of market failure.To compensate for some of the innovation benefits of corporate losses and to address this potential market failure,it is necessary for government agencies to develop and use various industrial technology policies.Technology learning is a process of digestion,absorption and re-innovation of knowledge.The cost of learning is the cost of this process.The existing social accumulation is the basis and condition for future technology learning.In addition,to a certain extent,the relationship between corporate costs and social costs of technology learning presents a trade-off relationship.When the external conditions created by the government and society for enterprise technology learning are limited,enterprises can only use internal investment to innovate,and such technology learning costs are extremely high.Whether technology learning can continue,the success of technological innovation is largely determined by the cost of technology learning.Therefore,how to reduce the cost of technology learning and improve the ability of technological innovation has become the focus of scholar and corporate managers.The implementation of industrial technology policies is conducive to the output of regional innovation,and encourages R&D and innovation in various regions by reducing innovation risks,increasing capital investment,and apportioning technology learning costs.Based on the existing research,this paper uses the technology learning cost as a mediator to conduct theoretical deduction and analysis of the internal conduction path of industrial innovation policy(R&D subsidies,tax incentives and government procurement)on regional innovation output.Based on the 2007-2016 China high-tech industry regional level data to test its effects.In addition,the variable of market competition intensity is introduced to explore its adjustment role between industrial technology policy and regional innovation output.The study found that the three industrial policy tools of research and development subsidies,tax incentives and government procurement have a significant role in promoting regional innovation output.And research and development subsidies,tax incentives,and government procurement can significantly reduce the cost of technology learning for enterprises.At the same time,industrial policies encourage their innovation output by sharing the cost of technology learning.The cost of technology learning is inter mediated between industrial technology policies and innovation output.effect.The adjustment effect of market competition intensity on industrial technology policy and innovation output is significantly less or even insignificant.The intensity of market competition has a regulatory effect on the relationship between research and development subsidies,tax incentives and innovation output.When the market competition intensity is strong,the role of R&D subsidies and tax incentives on regional innovation output is more obvious.However,the intensity of market competition has no significant effect on the regulation of government procurement and innovation output.Our research results expand the existing research on industrial technology policy and technological innovation,technology learning costs,and also propose recommendations,limitations and future research directions.