An empirical test of motivation and effect of industrial technology policy in China's electronic information industry

Abstract

Industrial policy theory indicates that industrial policy, especially technology policy, is designed to intervene economic imbalance and reduce bottleneck to optimize resource configuration and exert economic potential, but research gap is short of empirical test. In this paper, empirical test is done to analyze relations among industrial technology policy, technicist resource and technical competitive power d ifference, economic development and opening-up in electronic information industry in 26 years. Test results indicate that structural technical competitive power difference and technicist resource bottleneck lead to establishment and adjustment of industrial technology policy and continuous increase of degree of opening-up both of which will raise level of economy, and improved economy will further help to promote technicist cultivation. The results support view points o f industrial policy theory that industrial technology policy should intervene resource bottleneck to optimize resource configuration for purpose of exerting economic potential.