BAI Junhong, LV Xiaohong:Independent R&D, Cooperative Innovation andForeign Investment Introduction

Abstract：Using regional industrial enterprises panel data of China and applying the knowledge production function in the form of stochastic frontier, this paper empirically tests the effect of independent R&D, cooperative innovation and foreign investment on the technology-orientated and market-orientated technology innovation.The study finds that, for the whole country, independent R&D, cooperative innovation and foreign investment introduction have significant positive influence on technology-oriented technology innovation.Strong absorptive capacity of enterprises can promote the effect of foreign investment introduction, but will inhibit the performance of technology-oriented innovation in collaborative innovation.Independent R&D and foreign investment introduction have significant positive influence on market-oriented technology innovation, while the effect of collaborative innovation is not obvious.Strong absorptive capacity of the enterprises can improve the collaborative innovation market performance, but will inhibit foreign capital market performance.The input efficiency of these three patterns is various in eastern, central and western regions.

Key words： Independent R&   D   Collaborative Innovation   Foreign Investment Introduction

source:Finance & Trade Economics ,No.11,2014