Measurement and Convergence in Development Performance of China’s High-tech Industry

Abstract

In China’s high-tech industry development, there exist regional scale and regional performance differences, of which the latter will influence resource allocation in regional high-tech industry and upgrading process of industrial structure.1 Hence, the article conducts a systematic research of measurement and convergence analysis in development performance of China’s high-tech industry. The article contains two main research parts. First, in terms of measurement, by adopting the Malmquist index methods, the article measures the comprehensive performance of China’s high-tech industry development. Second, to conduct convergence analysis, it studies agglomeration patterns characteristics, absolute β convergence and its converging mechanism of China’s provincial high-tech industry development performance from 2001 to 2013 by adopting a spatial autoregressive (SAR) panel data model. The results indicate distinct absolute β convergence in China’s high-tech industry development performance is due to technology diffusion. In addition, convergence rates of different regions vary.