Empirical Analysis of Technology Innovation to Promote the International Competitiveness of China’s Manufacturing Industry

摘要

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 in novation, but it is not easy to conclude whether the impact is facilitating or in hibiting. 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 fi nancial security is also not significant. Policy recommendations are made accordingly.