TITLE:
Empirical Analysis of Technology Innovation to Promote the International Competitiveness of China’s Manufacturing Industry
AUTHORS:
Long Wei, Qi Luo
KEYWORDS:
Manufacturing, International Competitiveness, Technology Innovation
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.12 No.1,
January
26,
2022
ABSTRACT: The “Made in China 2025” focuses on the new environment and new issues facing the long-term development of China’s
manufacturing industry, and aims to fundamentally improve China’s
international competitiveness of the manufacturing
industry. The competitive advantage of the manufacturing industry will change dynamically under the impetus of
continuous technological innovation, but it is not easy to conclude
whether the impact is facilitating or inhibiting.
This paper presents an empirical analysis of the relationship between technological innovation and international
competitiveness in ten manufacturing industries using panel data for the period
2012-2016 selected based on certain criteria. It was found that innovation
investment may enter the stage of diminishing
marginal benefits, the introduction and absorption of re-innovation capacity can significantly improve the
international competitiveness of the manufacturing
industry, innovation output capacity is not significant, and the role of a technological innovation support system that only
considers financial security is also not significant. Policy recommendations are made
accordingly.