The Impact of Technological Innovation on Industrial Efficiency and Food Manufacturing Industry

摘要

There is no denying that China's rapid economic growth is largely relying on high consumption and high emission, shows the character as low efficiency of extensive growth, which will inevitably lead to deep-seated contradictions and problems that restrict economic long-term development. From the perspective of economic growth, the enhancement of technical efficiency can make existing economic resources be fully utilized and reduce the losses caused by low efficiency, while the enhancement of technological progress can make the continuous and stable economic growth possible. In this study, we make an empirical analysis of how technological innovation will impact on industrial efficiency in food manufacturing industry. The result shows that: technological innovation has important influence to the rising of industrial efficiency; it has a strong co integration relationship with industrial efficiency at 5% significance level. Therefore, technological innovation is the fundamental way to solve the problems of environment and resources. At the same time, technological innovation is the Grainger reason to the industrial efficiency in food processing industry.