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Performance evaluation of China's Hi-tech zones in the post financial crisis era — Analysis based on the dynamic network SBM model

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  • Bai, Xue-Jie
  • Yan, Wen-Kai
  • Chiu, Yung-Ho

Abstract

This paper evaluates the performance of national HTZs in China after the financial crisis. Unlike previous case studies or comparative analyses, we employ the Dynamic Network Slack-based Measurement to open the “black box” and examine the HTZs as a network that is connected by carry-overs between sequenced terms and links among different sectors. The results show that: 1) the efficiencies of both production sectors and R&D sectors are low in most Hi-tech zones, partly because the links between them are weak and the carry-overs are inappropriate; and 2) Total Factor Productivity exhibits that production sectors mainly depend on technical efficiency improvement, while R&D sectors hinge on technology progress.

Suggested Citation

  • Bai, Xue-Jie & Yan, Wen-Kai & Chiu, Yung-Ho, 2015. "Performance evaluation of China's Hi-tech zones in the post financial crisis era — Analysis based on the dynamic network SBM model," China Economic Review, Elsevier, vol. 34(C), pages 122-134.
    • Handle: RePEc:eee:chieco:v:34:y:2015:i:c:p:122-134
    DOI: 10.1016/j.chieco.2015.04.001
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    2. Xiong, Xi & Yang, Guo-liang & Guan, Zhong-cheng, 2020. "Estimating the multi-period efficiency of high-tech research institutes of the Chinese Academy of Sciences: A dynamic slacks-based measure," Socio-Economic Planning Sciences, Elsevier, vol. 71(C).
    3. Qiong Wang & Ru Yang & Ruyue Zhao & Chengyuan Wang, 2019. "Does State-level Upgrade of High-tech Zones Promote Urban Innovation Efficiency: Evidence from China," Sustainability, MDPI, vol. 11(21), pages 1-14, November.
    4. Wei Liu & Hong-Bo Shi & Zhe Zhang & Sang-Bing Tsai & Yuming Zhai & Quan Chen & Jiangtao Wang, 2018. "The Development Evaluation of Economic Zones in China," IJERPH, MDPI, vol. 15(1), pages 1-14, January.
    5. Weiwei Yang & Jiaru Kang & Zhiyuan Ge, 2022. "The Impact of the Upgrading of High-tech Zones on the Total Factor Productivity of Enterprises: Evidence from Guasi-natural Experiments," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 12(1), pages 1-7.
    6. Bai, Xue-Jie & Li, Zhen-Yang & Zeng, Jin, 2020. "Performance evaluation of China's innovation during the industry-university-research collaboration process—an analysis basis on the dynamic network slacks-based measurement model," Technology in Society, Elsevier, vol. 62(C).
    7. Lanzhuang Xu & Hu Xue & Qianrong Wu, 2022. "The Impact of Development Zones on Economic Growth in Less Developed Regions: Evidence from Guangxi, China," Land, MDPI, vol. 11(10), pages 1-20, September.
    8. Xionghe Qin & Debin Du & Mei-Po Kwan, 2019. "Spatial spillovers and value chain spillovers: evaluating regional R&D efficiency and its spillover effects in China," Scientometrics, Springer;Akadémiai Kiadó, vol. 119(2), pages 721-747, May.
    9. Zhuang, Liang & Ye, Chao, 2020. "Changing imbalance: Spatial production of national high-tech industrial development zones in China (1988-2018)," Land Use Policy, Elsevier, vol. 94(C).
    10. Xionghe Qin & Debin Du, 2017. "Do External or Internal Technology Spillovers Have a Stronger Influence on Innovation Efficiency in China?," Sustainability, MDPI, vol. 9(9), pages 1-17, September.
    11. Siying Yang & Wei Liu & Zhe Zhang, 2022. "The Dynamic Value of China’s High-Tech Zones: Direct and Indirect Influence on Urban Ecological Innovation," Land, MDPI, vol. 11(1), pages 1-19, January.
    12. Xiaobing Yu & Xuejing Wu & Tongzhao Huo, 2020. "Combine MCDM Methods and PSO to Evaluate Economic Benefits of High-Tech Zones in China," Sustainability, MDPI, vol. 12(18), pages 1-20, September.
    13. Mahmoudabadi, Mohammad Zarei & Azar, Adel & Emrouznejad, Ali, 2018. "A novel multilevel network slacks-based measure with an application in electric utility companies," Energy, Elsevier, vol. 158(C), pages 1120-1129.
    14. Wei-Kang Wang & Wen-Min Lu & Qian Long Kweh & Yu-Li Liu, 2017. "Decentralized and concentrated investments in China and the performance of Taiwanese listed electronic companies," Applied Economics, Taylor & Francis Journals, vol. 49(25), pages 2443-2455, May.

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    More about this item

    Keywords

    Hi-tech zones; Efficiency; Dynamic Network SBM;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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