Research On The Impact Of Government R&D Investment On High-tech Industry Innovation Performance

High-tech industries have a huge impact on the economic and technological development level of a country and region.Vigorously developing high-tech industries in the region will help increase regional productivity.The development of high-tech industries requires the investment of capital and human resources and the support of relevant policies and regulations.Both the former and the latter require government participation,so the government plays an important role in how to better develop a high-tech industry in a region.The role of government support includes formulating relevant policies and regulations to provide a favorable development environment,as well as capital subsidies and tax incentives.How to give full play to its role in improving the innovation performance of high-tech industries through precise government support is the focus of this study.This article selects the high-tech industries in Hubei and Shanghai as research objects.First,through the three-stage DEA model,using the high-tech industry data of Hubei and Shanghai from 2009 to 2016,the high-tech industry innovation performance of these two regions in 2009-2015 was measured,and then the high-tech of Hubei and Shanghai from 2009 to 2015 was selected.Based on the panel data,a regression model was constructed to analyze the impact of government R&D investment on innovation performance in the technology industry in these two regions,and then a panel threshold model was established to test the mechanism of government R&D investment in the technology industry.The main research conclusions are as follows: Shanghai government R&D investment has an effect on improving the innovation performance of high-tech industries,especially when the government R&D exceeds the threshold,there is a significant positive effect,while the Hubei provincial government R&D investment is only effective when it exceeds the threshold.Technology industry innovation performance has a significant positive effect.Based on the above empirical results,relevant policy suggestions for improving the innovation performance of high-tech industries in Shanghai and Hubei Province were put forward for reference and reference.