An Analysis On Technical Efficiency And Its Influencing Effects Of Hi-Tech Industry In China

Based on the developmental facets of High-Tech industry in China, combined with the related researches native and abroad, and using stochastic frontier approach, with panel data of High-Tech industry from1995 to 2004, his paper analyzes the technical efficiency of Hi-Tech industry. Results conclude technical efficiency of Hi-Tech industry in 30 regions, the he cause of differences and changes of total factor productivity (changes of technical efficiency and technical progress). We view:Firstly, in the situation of same economic policy, there are differences between the regions of low efficiency and high efficiency, especially between three regions in China; while technical efficiency is decline with time varying.Secondly, it is the improvement of technical progress rather than technical efficiency promote TFP growth rate of Hi-Tech industry increasing, in addition, TFP and technological change are slow gradually with time varying, and technical efficiency, TFP and technological change are exist obvious differences between each regions.Thirdly, there are differences in the affecting of quality of labor, scales, property right, R&D etc.Based of these conclusions, a series of policy suggestions are made to cope with the problems mentioned above and accelerate the development of High-Tech industry in China.