Abstract:

Based on the panel data of China's 30 provinces during 2007 ～ 2014，the stochastic frontier panel production function is used to make an empirical analysis of China's high-end equipment manufacturing industry innovation performance，and its spatial clustering is further discussed．The study finds that: R&D funds expenditure has a higher output elasticity compared to the R&D personnel invest; government support and external technology acquisition have negative correlation with the innovation performance; enterprise investment in science and foreign open degree have positive relation with the innovation performance; Chinese high-end equipment manufacturing industry innovation performance overall presented an upward trend and revealed a“High in the east and low in the west”agglomeration characteristics．Relying to these results some enlightenment can be provided for transforming China from a manufacture of quantity to one of quality．

Key words: high-end equipment manufacturing industry, innovation performance, stochastic frontier panel model, spatial clustering