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Abstract
This paper constructs panel data using relevant data on aerospace manufacturing in 17 provinces and cities in China from 2010 to 2015. The B-C (1995) model was established using the SFA method. A trans-log production function model is used to analyze and study the technical efficiency of China’s aerospace manufacturing industry. Then we analyze the technical efficiency of Chinese aerospace manufacturing industry. The research results show that: First, the overall technical efficiency of Chinese Aerospace manufacturing industry is at a moderately high level, with an average technical efficiency of 0.8673. Second, the increase in export delivery value and sales revenue of new products has a relatively weak impact on the improvement of technological efficiency. Third, the R & D equivalent to full-time equivalent and the addition of fixed assets will significantly affect the technical efficiency of China’s aerospace manufacturing industry. Finally, this article puts forward some policy suggestions based on the research results.
Highlights
The aerospace manufacturing industry is the embodiment of a country’s highly productive development
We analyze the technical efficiency of Chinese aerospace manufacturing industry
This paper focuses on the stochastic frontier production function model
Summary
The aerospace manufacturing industry is the embodiment of a country’s highly productive development. It represents the comprehensive national strength of a country and is an industry with high investment, high innovation, high technology, high risk, and high returns. The important characteristics of the aerospace manufacturing industry are intensive knowledge and technology, huge growth potential, strong employment capacity, and high industrial relevance. The industry is at the top of advanced equipment manufacturing It has an irreplaceable status and role in the modernization of national economy and national defense. It has great strategic significance for the rapid development of Chinese economy and society
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