A Study on Evaluation on Innovation Efficiency of Advanced Manufacturing in China

Abstract

A comprehensive evaluation was conducted on the innovation efficiency of advanced manufacturing in China from 2015 to 2017 with BCC model and super efficiency analysis and based on the data from 184 A-share listed advanced manufacturing companies. The results indicate that the total innovation efficiency, pure technical efficiency and scale efficiency of the advanced manufacturing in China are increasing year by year, especially the scale efficiency increases the most significantly; however, the advanced manufacturing is still at a relatively lower level and shows an unbalanced and insufficient development as a whole. In addition, the total innovation efficiency of 14 sub-sectors of the advanced manufacturing is increasing year by year.