Research On The Innovation Effect Of Dual-compeitition Structure Of China's Equipment Manufacturing Industry

The equipment manufacturing industry is the "backbone" of the manufacturing industry and the "heart" of the industrial sector.The independent technological innovation capability of a country 's equipment industry,especially in core products and key technology areas,is a hard core that determines its international competitiveness or industry 's international status.The competition of industrial capital is the key variable to activate the innovation driving mechanism.This article takes the industrial capital competition as the main line and takes the innovation drive as the goal,focusing on the innovation effect of the industrial capital competition structure of the equipment industry.Based on the theory of new industrial organization and industrial regulation,the article puts forward the "dual competition structure hypothesis" of the out-of-market competition and the in-market competition of China's equipment manufacturing manufacturers,and through the seven major industries(C34-C37,C40-42)Data collection,an empirical test of the innovation-driven effects of the dual competitive structure of China's equipment manufacturing industry capital.On the basis of theoretical and empirical research,the article further proposes relevant policy recommendations.The capital of the equipment manufacturing industry in the "dual competition structure" composed of competition outside the market and competition within the market is the theoretical starting point of this article.The dual competition structure of industrial capital is represented by the game relationship among incumbent manufacturers,potential manufacturers and government departments.To describe the technical innovation effect of this double competition structure,the article discusses the guiding mechanism of potential manufacturers' "competitive benchmarking",the pressure mechanism of incumbent manufacturers' "entrapping threat",and the regulating mechanism of government departments' "entry regulation".In order to characterize the technological innovation effect of the dual competition structure of China's equipment manufacturing industry capital,the article puts forward relevant theoretical assumptions around innovation input,innovationoutput,and dual competition interaction effects.Through data collection and modeling,data samples of listed companies in China's equipment manufacturing industry from 2011 to 2018 are selected to empirically test the relevant theoretical assumptions.The test results show that the existing “property-type funnel” out-of-market competition and technological innovation in China 's equipment manufacturing industry have an inverted U-shaped relationship.Correspondingly,intra-market competition under the leadership of state-owned capital has a negative effect on technological innovation.Therefore,perfecting the dual competition structure of industrial capital is an important link to further activate China's equipment manufacturing industry capital technology innovation dynamic mechanism.To this end,the article puts forward policy recommendations such as the establishment of an "innovation funnel" access regulation,the formation of an "innovation-driven" industry competition model,and industrial capital competition relationships based on technological capabilities.