The analysis of patents transformation efficiency based on stochastic frontier approach: About China's high-tech industry

The projects of patents transformation refers to the technological innovations into new products. Can this maximize patents into new products? This is an efficiency issue. In this paper, production function theory combined with translog stochastic frontier approach is applied to evaluate the projects efficiency of patents transformation about Chinese high-tech industries. Parameters of the translog stochastic frontier model is estimated under study, and the efficiency value of patents transformation is evaluated. The conclusions and recommendations of this paper can provide reference for the projects of patents transformation of China's high-tech industry.