Independent research and development, technology accumulation and innovation performance: Evidence from China's pharmaceutical manufacturing industry.

ABSTRACT: Technology accumulation plays a vital role in research and development (R&D) activities. This paper used technology accumulation as the threshold variable to construct a dynamic panel threshold model to explore the technology accumulation threshold effect of independent R&D on innovation performance of China's pharmaceutical manufacturing industry over the period 1995~2019. The results show that the independent R&D of China's pharmaceutical manufacturing industry had a significant promotion effect on innovation performance. However, it is constrained by the level of technology accumulation, showing a significant double threshold effect of technology accumulation. A moderate level of technology accumulation was more conducive to independent R&D to drive innovation performance, while lower o

SUBMITTER: Wang S 

PROVIDER: S-EPMC8989362 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature