The world today is undergoing disruptive,transformative shifts driven by a new wave of technological revolutions and industrial changes.In this context,a central question for China’s innovation-driven development str...The world today is undergoing disruptive,transformative shifts driven by a new wave of technological revolutions and industrial changes.In this context,a central question for China’s innovation-driven development strategy is how to effectively identify and measure high-quality technological innovations.Drawing on the stylized facts and scenario narrative of China’s technological landscape,this paper proposes a framework and measurement system for evaluating high-quality technological innovations.While China’s top-level design for technological innovation is guided by policy documents,the increasing number of enterprises applying for“high-tech enterprise”status has coincided with a decline in the quality of patent filings.In response,this paper first underscores the challenges and necessity of measuring the quality of technological innovations.Second,we introduce the high-quality technological innovation indicators and employ them to assess the quality of tech innovations at the firm level,utilizing an approach that combines analogical narrative,gene coding,text analysis,semantic logic,and a database of granted invention patents in China.Third,we examine the systematic and individual biases inherent in citation counts,a commonly used indicator,under specific contexts,and employ a granular instrumental variable approach to validate the effectiveness of the indicators.Finally,we develop a“family tree”of the indicators and explore their application scenarios through a combination of established and extended indicators.Our findings provide a theoretical foundation for evaluating China’s technological innovation quality,inform policy incentives,and offer insights for academia to apply high-quality technological innovation indicators in different contexts.展开更多
基金supported by the National Natural Science Foundation of China(NSFC)under the following projects:“Towards High-Quality Technological Innovation in Chinese Cities:Measurement,Mechanism,and Effects”(Grant No.72073093)“Implementation Effects and Micro-Mechanisms of China’s Industrial Policy:A Study of the Steel Industry from the Perspective of Implementation Mechanisms”(Grant No.72373160)“Research on Capital Circles and Enterprise Innovation Quality:Mechanisms and Economic Effects”(Grant No.71872150).
文摘The world today is undergoing disruptive,transformative shifts driven by a new wave of technological revolutions and industrial changes.In this context,a central question for China’s innovation-driven development strategy is how to effectively identify and measure high-quality technological innovations.Drawing on the stylized facts and scenario narrative of China’s technological landscape,this paper proposes a framework and measurement system for evaluating high-quality technological innovations.While China’s top-level design for technological innovation is guided by policy documents,the increasing number of enterprises applying for“high-tech enterprise”status has coincided with a decline in the quality of patent filings.In response,this paper first underscores the challenges and necessity of measuring the quality of technological innovations.Second,we introduce the high-quality technological innovation indicators and employ them to assess the quality of tech innovations at the firm level,utilizing an approach that combines analogical narrative,gene coding,text analysis,semantic logic,and a database of granted invention patents in China.Third,we examine the systematic and individual biases inherent in citation counts,a commonly used indicator,under specific contexts,and employ a granular instrumental variable approach to validate the effectiveness of the indicators.Finally,we develop a“family tree”of the indicators and explore their application scenarios through a combination of established and extended indicators.Our findings provide a theoretical foundation for evaluating China’s technological innovation quality,inform policy incentives,and offer insights for academia to apply high-quality technological innovation indicators in different contexts.
