Exclusive: Innovation China—Technical Service and Trade

Technology market development: Comparative analysis between China and other countries

  • JIANG Jiang
Expand
  • 1. Graduate School of Chinese Academy of Social Sciences, Beijing 102488, China;
    2. School of Tourism and Urban Management, Jiangxi University of Finance and Economics, Nanchang 330013, China;
    3. Institute of Industry Development, Jiangxi Institute of Intelligent Industry Technology Innovation, Nanchang 330052, China

Received date: 2019-12-24

  Revised date: 2020-11-23

  Online published: 2021-01-14

Abstract

Through a comparative analysis of the development history of the domestic and foreign technology markets, and the scale of the technology market, and the trading entities, we can make the following observations:1. After nearly 400 years of development, the technology market in European and American countries is relatively mature, as compared with China, and the technology market in China is still in its infancy. 2. Although the transaction scale of China's technology market sees an explosive growth in the past 20 years, its share in the global market is in a slight fluctuation. 3. The main parts of the international technology market are the professional technology companies and the mature enterprises, and China's technology supply comes from individual operating enterprises, with not very high added value of technology. The differences are mainly due to the following facts:1. The development of China's technology market has a relatively short history; 2. The supply of domestic technological elements is insufficient barely in a state of "self-sufficiency"; 3. Market-based incentives are weak and still in the stage of macro-control. This analysis gives the following enlightenments for China:1. Continue to improve the level of science and technology; 2. Refine the types of technology market transactions; 3. Improve the market-based incentive mechanism.

Cite this article

JIANG Jiang . Technology market development: Comparative analysis between China and other countries[J]. Science & Technology Review, 2020 , 38(24) : 25 -33 . DOI: 10.3981/j.issn.1000-7857.2020.24.003

References

[1] Arrow K. Economic welfare and the allocation of resources for invention. The rate and direction of inventive activity:Economic and social factors[M]. Princeton:Princeton University Press, 1962:609-625.
[2] Arora A, Fosfuri A, Gambardella A. Markets for technology:The economics of innovation and corporate strategy[M]. Cambridge:The MIT Press:2001.
[3] Vincenzo P, Matthew J H, Marco C. How reliable is the market for technology[J]. Review of Economics and Statistics, 2019, 101(1):107-120.
[4] Arora A, Fosfuri A, Roende T. Managing licensing in a market for technology[J]. Management Science, 2013, 59(5):1092-1106.
[5] Jensen P H, Palangkaraya A, Webster E. Trust and the market for technology[J]. Research Policy, 2015, 44(2):340-356.
[6] Lamoreaux N R, Sokoloff K L, Sutthiphisal D. Patent alchemy:The market for technology in US history[J]. Business History Review, 2013, 87(1):3-38.
[7] Arora A, Gambardella A. The market for technology[M]. Amsterdam:Elsevier, 2010.
[8] 易之. 技术进步的必由之路——略论我国新兴的技术市场[J]. 学习与思考, 1983(3):50-55.
[9] 刘凤朝, 潘雄锋. 中国技术市场发展与经济增长关系的实证研究[J]. 科学学研究, 2006(1):62-66.
[10] 刘和东. 中国技术市场与自主创新关系的实证研究[J]. 科学学研究, 2006(6):974-978.
[11] 张江雪. 我国技术市场的发展现状、问题及对策分析[J]. 科学管理研究, 2010, 28(4):50-53.
[12] 张欣炜, 林娟. 中国技术市场发展的空间格局及影响因素分析[J]. 科学学研究, 2015, 33(10):1471-1478.
[13] 黄微, 刘郡. 国内外技术市场运行机制比较研究[J]. 图书情报工作, 2009, 53(22):18-21.
[14] MacLeod C. Inventing the industrial revolution[M]. Cambridge:Cambridge University Press, 1988.
[15] Arora A, Gambardella A. Evaluating technological information and utilizing it:Scientific knowledge, technological capability, and external linkages in biotechnology[J]. Journal of Economic Behavior & Organization, 1994, 24(1):91-114.
[16] Sokoloff K L. Inventive activity in early industrial America:Evidence from patent records, 1790-1846[J]. Journal of Economic History, 1988(48):813-863.
[17] Khan B Z, Sokoloff K L, Institutions and democratic invention in 19th-century America:Evidence from "Great Inventors,"1790-1930[J]. American Economic Review, 2004, 94(2):395-401.
[18] Mowery D. The relationship between intrafirm and contractual forms of industrial research in american manufacturing, 1900-1940[J]. Explorations in Economic History, 1983(20):351-374.
[19] Lynne G Z, Michael R D, Jeff S A. Geographically localized knowledge:Spillovers or markets[J]. Economic Inquiry, 1988, 36(1):65-86.
[20] US Patent Office and Great Britain Patent Office. Annual report of the commissioner of patents[Z]. Washington, DC, London:H.M.S.O.
[21] Carlos J S. The dynamics of the transfer and renewal of patents[J]. RAND Journal of Economics, 2010, 41(4):686-708.
[22] Athreye S, Cantwell J. Creating competition? Globalisation and the emergence of new technology producers[J]. Research Policy, 2007, 36(2):209-226.
[23] Arora A, Gambardella A. Ideas for rent:An overview of markets for technology[J]. Industrial and Corporate Change, 2010, 19(3):775-803.
[24] Sheehan J, Martinez C, Guellec D. Understanding business patenting and licensing:Results of a Survey[Z]. Paris:OECD. 2004.
[25] Zuniga M P, Guellec D. Survey on patent licensing:Initial results from Europe and Japan[Z]. Paris:OECD. 2008.
[26] Teece D J. Profiting from technological innovation[J]. Research Policy, 1986, 15:285-305.
[27] Gambardella A, McGahan A. Business-model innovation, general purpose technologies, specialization and industry change[EB/OL].[2020-09-20]. https://www.researchgate.net/publication/241312649_Business-Model_Innovation_General_Purpose_Technologies_Specialization_and_Industry_Change.
[28] Lichtenthaler U. The drivers of technology licensing:An industry comparison[J]. California Management Review, 2007, 49(4):67-89.
[29] Gambardella A, Giuri P, Luzzi A. The market for patents in Europe[J]. Research Policy, 2007, 36(8):1163-1183.
[30] Lichtenthaler U, Ernst H. External technology commercialization in large firms:Results of a quantitative benchmarking study[J]. R & D Management, 2007, 37(5):383-397.
Outlines

/