School of Business, Linyi University, Linyi, Shandong, China.
PLoS One. 2024 Aug 23;19(8):e0308960. doi: 10.1371/journal.pone.0308960. eCollection 2024.
The efficiency of resource allocation in technological innovation is a critical factor influencing the output level of technological innovation. By expanding and optimizing the Hsieh & Klenow (2009) framework for analyzing the efficiency of resource allocation and relaxing the assumption of constant returns to scale, this study utilizes sample data from Chinese listed companies from 2007 to 2019 to measure and analyze the resource allocation efficiency level in China's technological innovation. The findings indicate that in the process of technological innovation, companies face heterogeneous resource usage costs, leading to a deviation from the optimal resource allocation state, with evident issues of resource misallocation. The loss of efficiency in technological innovation output due to resource misallocation is significant, and addressing this issue can substantially enhance the level of technological innovation output. The misallocation of research and development capital resources is more severe than that of research and development personnel, resulting in greater efficiency losses in technological innovation output. Government subsidies are identified as a significant factor affecting resource allocation in technological innovation. Addressing the issue of resource misallocation, accelerating the market-oriented reforms of technological innovation resource allocation, and optimizing the government subsidy screening mechanism are crucial for improving the efficiency of resource allocation in technological innovation.
技术创新资源配置效率是影响技术创新产出水平的关键因素。本研究在扩展和优化 Hsieh & Klenow（2009）分析资源配置效率的框架的基础上，放松了规模报酬不变的假设，利用 2007 年至 2019 年中国上市公司的数据，对中国技术创新的资源配置效率水平进行了测度和分析。结果表明，在技术创新过程中，企业面临着异质的资源使用成本，导致偏离最优资源配置状态，存在明显的资源错配问题。资源错配对技术创新产出的效率损失是显著的，解决这一问题可以显著提高技术创新产出水平。研发资本资源的错配比研发人员更为严重，导致技术创新产出的效率损失更大。政府补贴被认为是影响技术创新资源配置的重要因素。解决资源错配问题、加快技术创新资源配置市场化改革、优化政府补贴筛选机制，对提高技术创新资源配置效率至关重要。
