The Heterogeneous Effect of Industrial Policy on Technological Innovation: Evidence from China' S Metal New Material Industry and Micro-Data

2022 ◽  
Author(s):  
Mei-Rui Zhong ◽  
Qiaolin Lu ◽  
Ruifang He
Keyword(s):  
Technological Innovation ◽  
Industrial Policy ◽  
Material Industry ◽  
Micro Data ◽  
New Material ◽  
Heterogeneous Effect

scholarly journals An Exploratory Study of How Latecomers Transform Strategic Path in Catch-Up Cycle

2021 ◽  
Vol 13 (9) ◽  
pp. 4929
Author(s):  
Xiaoli Li ◽  
Hongqi Wang
Keyword(s):  
Technological Innovation ◽  
Industrial Policy ◽  
Emerging Economies ◽  
Evolutionary Process ◽  
Sustainable Growth ◽  
Rolling Stock ◽  
Innovation Capability ◽  
Firm Level ◽  
Industrial Leadership ◽  
Catch Up

In catch-up cycles, the industrial leadership of an incumbent is replaced by a latecomer. Latecomers from emerging economies compress time and skip amplitude by breaking the original strategic path and form a new appropriate strategic path to catch up with the incumbents. Previous studies have found that the original strategic path is difficult to break and difficult to transform. This paper proposes a firm-level framework and identifies the impetus and trigger factors for latecomers to transform the strategic path. The impetus is the mismatch between strategic mode and technological innovation capability. The trigger is the progressive industrial policy. Based on a Chinese rail transit equipment supplier’s (China Railway Rolling Stock Corporation; CRRC) catch-up process, this paper finds that the strategic path transformation is an evolutionary process from mismatch to rematch between strategic mode and technological innovation capability. With the implementation of industrial policy, the technological innovation capability will change. The original strategic mode does not match with changed technological innovation capability, which leads to performance pressure. With the adjustment of industrial policy, a new strategic mode adapted to new technological innovation capability emerges. This paper clarifies the source that determines successful catch-up practices for latecomers and contributes to latecomers’ sustainable growth in emerging economies.

Danish Industrial Policy: Persistent Liberalism

1983 ◽  
Vol 3 (1) ◽  
pp. 49-61 ◽  
Author(s):  
Niels Chr. Sidenius
Keyword(s):  
Technological Innovation ◽  
Industrial Policy ◽  
Policy Instruments ◽  
Economic Recession ◽  
Crisis Response ◽  
Gradual Process ◽  
Close Cooperation ◽  
The Government ◽  
State Industry ◽  
Response Policy

ABSTRACTDanish industrial policy reflects a ‘liberalistic’ paradigm, with industrial subsidies being general rather than selective, and based on profitability. There was an increase in the number of industrial policy instruments introduced in the second half of the 1970s, and in particular there seems to have been an increase in subsidies for technological innovation. The amount of money allocated for industrial subsidies has increased, especially during the economic recession. However, Danish industrial policy can only be conceived of as a crisis response policy in a relatively diffuse way, with only a few arrangements directly targetted at firms in difficulties, whereas most aim at making the surviving firms expand, innovate and increase their exports. Similarly, with few exceptions Danish industrial policy can be seen as anticipatory only in a very general way. The administration of industrial policy is characterised by close cooperation between state, industry and labour in tripartite boards and committees that take decisions about the administration of industrial policy or advise the government. The widespread use of such tripartite bodies hampers changes in industrial policy because all partners have to acquiesce in the changes. Innovation in Danish industrial policy is likely to be a gradual process, with most existing arrangements surviving, and a desultory increase in the use of more selective measures.

scholarly journals Identification of Driving Factors of Scientific and Technological Innovation in the New Material Industry Based on the Theory of Complex Adaptive System: Taking the Construction of Green Innovation System as an Example

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Tengfei Ma ◽  
Chao Liu
Keyword(s):  
System Theory ◽  
Adaptive System ◽  
Complex Adaptive System ◽  
Innovation System ◽  
Innovation Systems ◽  
Material Industry ◽  
Green Innovation ◽  
Entry Points ◽  
Complex Adaptive ◽  
New Material

Complex adaptation systems are the main development direction of China’s current green innovation research. New material industry is one of the key entry points to accelerate the construction of modern industrial system and promote innovation, green, and efficient development. Under the requirements of China’s current low-carbon development, China’s green innovation system is developing rapidly. Green innovation complicates traditional innovation models and their functions and improves economic development. The purpose of this paper is to study the theoretical analysis framework of applying complex adaptive systems and to analyze and calculate the characteristics of the current status of green innovation systems in multiple industries in China’s manufacturing industry. Analysis is as follows. The experimental group and the control group are set for comparison, and the data are organized by applying complex adaptive system theory and data analysis methods. Experimental data show that the coordinated development of the green innovation systems in various industries in China is not balanced, with a difference of more than three times; the parameters of the various green innovation systems within the industry are unbalanced, and the difference is more than five times. The experimental results show that the green innovation subject can strategically interact by adjusting the ratio of resource allocation through the constructed green innovation system model. The green innovation system with complex adaptive system theory is conducive to the development of the green system. It can save about 23% of green innovation time and improve efficiency by about 15%, to promote the development of green innovation in China.

scholarly journals Quality Infrastructure for the New Material Industry

2020 ◽  
Vol 22 (5) ◽  
pp. 137
Author(s):  
Ming Chen ◽  
Mao Wang ◽  
Zhigang Yang ◽  
Mengqi Li ◽  
Yuhang Tang ◽  
...  
Keyword(s):  
Material Industry ◽  
New Material ◽  
Quality Infrastructure

scholarly journals Financing Ecological Environment, Financing Capacity and R&D Investment: An Empirical Study on Listed Companies of New Material Industry in China

2017 ◽  
Vol 9 (11) ◽  
pp. 10 ◽  
Author(s):  
Wen Xiong ◽  
Chengxuan Geng
Keyword(s):  
Listed Companies ◽  
Ecological Environment ◽  
Material Industry ◽  
Negative Effects ◽  
Policy System ◽  
Positive Effects ◽  
Investment Financing ◽  
New Material ◽  
Funds Allocation ◽  
D Investment

Introducing the concept of financing ecology into the research of new material enterprises’ R&D investment, and taking 203 Chinese listed companies of new material industry from 2010 to 2015 as the research objects, this paper explores the relationship between financing ecological environment, new material enterprises’ financing ability and R&D investment. The study shows that: Financing ecological environment has significant influence on new material enterprises’ R&D investment; Specifically, two sub dimensions of economics and finance have positive effects, while the sub dimension of system and honesty has negative effects; The promotion of financing capacity helps new material enterprises to increase R&D investment; Financing capability plays a positive intermediary role between financing ecological environment and R&D investment. Accordingly, new material enterprises should promote adaptive coevolution between financing ability, R&D funds allocation and financing ecology, and fully use the support of policy system.

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