An Empirical Study on the Factors Affecting the Efficiency of China's Enterprise Innovation Resource Allocation under the Supply Side Reform

Abstract

In the long-term future of China, the healthy and orderly development of economic science and technology must find new kinetic energy, and guarantee its stability and long-term stability. One of the new dynamic mechanisms for benign operation is the structural reform and innovation on the supply side. Innovation is not only the innovation of technology, but also the allocation of resources and institutional innovation. Aiming at the status quo of China's enterprise innovation resource allocation under the supply-side reform, after conducting the basic research on the corresponding concept connotation, the DEA-Tobit analysis two-step method is used to innovate the industrial enterprises above designated size in 30 provinces and cities except Tibet in 2016. The resource allocation efficiency is quantitatively measured, and then the Tobit nonlinear regression analysis is carried out according to the efficiency value. The results show that increasing the investment in scientific and technological innovation will increase the efficiency of enterprise innovation resource allocation, and the degree of nationalization will lead to the efficiency of enterprise innovation resource allocation. Negative impact, the degree of education and openness of the region have no significant impact on the efficiency of enterprise innovation resource allocation.