The Implementation of Supply-side Structural Reform: Next Chapter for High-Tech Development Zones

Promoting supply-side structural reform is the key to China’s economic transformation and upgrading. As disruptive innovation is affecting different sectors and areas of society, numerous high-tech development zones should fully release their vitality and realize unprecedented development while contributing to this reform. This study attempted to further analyze the Research and Development (R&D) efficiency of high-tech zones in the past mode, and shed light on a more advanced and effective development pattern in the near future. This paper used Data Envelopment Analysis (DEA) model, which is a linear programming method to measure the efficiency between multiple decision-making units, and categorized three decisive factors to reach solid conclusions [1]. Our statistical results indicated that the low R&D efficiency is ubiquity among high-tech industries, and there is not yet a strong platform for advanced R&D activities. Lastly, this paper suggested strategies to maintain the sustainable development of the high-tech industry under the supply-side reform.