The Impacts Of Regulatory Regimes And Science & Technology Policy On Innovation Performance：Based On China’s National Hi-Tech Industry Development Zone

Abstract

Along with the internal environment of China’s National Hi-tech industry Development Zone becoming more complicated, it’s difficult to show the advantages of their original resources. And internal institutional environment has gradually become more importance on innovation performance. Based on the existing studies, this paper tries to do a regression analysis of Hi-tech zone’s regulatory regimes, policy, and innovation performance, aiming to find out the key institutional factors which influenced the High-tech zone’s innovation performance.

The results showed that: (1) the more Municipal administrative privileges Hi-tech zone has, the better its performance will be. (2) The national level policy has a significant positive correlation with innovation performance; but the policy from provincial and municipal governments has a significant negative correlation. (3) The nature of management agency has negative regulation in the relationship between the power of provincial and municipal policies and the innovation performance. This research tries to provide a new revelation for the hi-tech zones, which will help them get more scientific management operations and development policy.

Keywords : National Hi-tech Industry Development Zone, regulatory Regimes, Science & Technology policy, innovation Performance