Abstract
The aims are to improve the efficiency in analyzing the regional economic changes in China’s high-tech industrial development zones (IDZs), ensure the industrial structural integrity, and comprehensively understand the roles of capital, technology, and talents in regional economic structural changes. According to previous works, the economic efficiency and impact mechanism of China’s high-tech IDZ are analyzed profoundly. The machine learning (ML)-based Data Envelopment Analysis (DEA) and Malmquist index measurement algorithms are adopted to analyze the dynamic and static characteristics of high-tech IDZ’s economic data from 2009 to 2019. Furthermore, a high-tech IDZ economic efficiency influencing factor model is built. Based on the detailed data of a high-tech IDZ, the regional economic changes are analyzed from the following dimensions: economic environment, economic structure, number of talents, capital investment, and high-tech IDZ’s regional scale, which verifies the effectiveness of the proposed model further. Results demonstrate that the comprehensive economic efficiency of all national high-tech IDZs in China is relatively high. However, there are huge differences among different regions. The economic efficiency of the eastern region is significantly lower than the national average. The economic structure, number of talents, capital investment, and economic efficiency of the high-tech IDZs show a significant positive correlation. The economic changes in high-tech IDZs can be improved through the secondary industry, employee value, and funding input. The ML technology applied can make data processing more efficient, providing proper suggestions for developing China’s high-tech industrial parks.
Highlights
The high-tech industrial development zone (IDZ) is a vital measure promoted by Chinese policy, aiming to improve enterprises’ innovation capabilities and find the driving force for new economic development [1]
A sound business environment can promote enterprise development and improve the efficiency of enterprises so that some of the functions of the high-tech IDZs can be reflected, such as the establishment of information exchange platforms, regional collaborative development work, enterprise incubator, and innovation driving ability. This is a benign interaction, a mutual benefit, and a win-win situation, which is precisely the long-term mechanism that genuinely promotes the development of high-tech IDZs. (4) The stock of human capital shall be increased to strengthen the accumulation of talents
The economic changes in different regions are analyzed from four dimensions: economic structure, number of talents, capital input, and regional scale
Summary
The high-tech industrial development zone (IDZ) is a vital measure promoted by Chinese policy, aiming to improve enterprises’ innovation capabilities and find the driving force for new economic development [1]. The average annual growth rate of China’s high-tech industry’s overall annual output value was 23.15%, and the growth rate of fixed assets was 18.19%. The impact of high-tech industries on China’s economic development is notable [2]. Due to the economic differences of different regions in China, different. Regional economic changes in a high-tech industrial development zone
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