The Analysis Of Status Quo And Investigation On The Cause Of Development Of Chinese Technology Market

As an important elemental market,technology market have made tremendous achievements after 20 years of development. It is a platform that supports technological innovation and transformation, and plays an extremely important role in promoting economic growth and the building of a national innovation system. The status in development of technology market and internal motivation is the core of this paper.All content is divided into seven chapters, the main research contents are as follows:First, it gives definition of the concept and borders of technology market, describes the function and characteristics of the market, as well as the development history of Chinese technology market.Second, the analysis about the status quo of Chinese technology market. The chapter analyses the status quo from the scale and structure, the main structure and the contract structure. We conclude that level and the overall size of our technology products is a substantial increase; the status of technology transactions of enterprise has been increasing steadily, however the status of research institutions, technology trading body and colleges decline; the number of the contract and the proportion of the amount of technology development take the first place.Third, the analysis about the causes of the development of Chinese technology market. Based on statistical data of year1987-2007, this paper uses co-integration analysis of econometrics to study the relationship between the development of the technology market and economic growth empirically, finds that there are long-term stability equilibrium and Granger causality between them. In addition, the development of the technology market lags behind the overall economic development of about 5 to 6 years, and the development of the technology market generally requires about 3 years to promote economic growth. When studying the relationship between development of technology market and expenditure of R&D we find that the development of technology market lagged 1 to 2 years to promote R&D activities and technological innovation activities. But expenditure of R&D doesn't promote the development of technology market significantly. From this chapter, we can conclude: the expansion of Chinese technology market is the type of demand-driven expansion, not technology-driven expansion. Forth, the strategy and forecast. Basis on the above, we give the strategy to promote the development of technology market and prospect the trends of the development of the technology market.