TITLE:
Framework of High-Technology Industry Innovation of China: Intellectual Property Protection and Industrial Knowledge Base
AUTHORS:
Weidong Wang, Wei Song, Linyu Fang
KEYWORDS:
Intellectual Property Protection, High-Tech Industry, Industrial Knowledge Base
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.3 No.5,
May
25,
2015
ABSTRACT: Based on panel data from 2000 to 2012, quantitative analysis was conducted on the relationship between intellectual property protection and China’s high-technology industry innovation. Results indicate that the intensity of intellectual property protection in China increases year by year and has a positive effect on the industrial knowledge base of the high-tech industry in China. The industrial knowledge base of each sub-industry in the high-tech industry of China has positive effects on owning inventive patents (OIP) and sales revenue of new products (SRNP). However, but stringent intellectual property protection has a certain inhibitory effect on OIP and SRNP for the manufacture of medicines, manufacture of medical equipment and measuring instruments, and manufacture of electronic and communication equipment. Moreover, stringent intellectual property protection has negative effects on OIP of all five sub-industries of the high-tech industry in China.