Research on the impact of R&D investment on the international competitiveness of communication and electronic equipment industry in Hubei Province

Abstract

R&D investment has always been one of the most active factors in the economic development of China’s manufacturing industry. Therefore, this paper analyzes the communication and electronic equipment industry in Hubei Province from all aspects of R&D investment, explores the competitive advantages in the development process of the industry, and looks for the future development direction of the industry in Hubei Province, so as to better complete the transformation and upgrading of the industry. Based on the current international competitiveness evaluation index system, the research on the development status of the communication and electronic equipment industry can be analyzed from the perspective of industrial international competitiveness. The industrial R&D investment is divided into three parts: personnel, capital and efficiency. R&D personnel investment and R&D capital investment have a positive impact on the international competitiveness of the industry, and R&D input-output efficiency has a positive impact on the international competitiveness of the industry There is a slight negative effect. It is pointed out that the future development direction of Hubei electronic technology industry in R&D investment should focus on personnel investment and capital investment.