Empirical Research on the Level of Institutional Innovation in the Development of China’s High-Tech Industry

Combined with the WRSR and improved CRITIC objective assignment method, this paper measures and grades the institutional innovation levels of high-tech industries in various provinces (cities and districts) in China, compares them horizontally and vertically, and interprets the temporal and spatial difference. Advanced members are located in the eastern coastal area, and the backward members are mainly composed of the western and northeast areas (cities, districts), while the rest are at a moderate level. Vertically, the levels in most provinces (cities, districts) have maintained a stable situation, and the overall level is low. Furthermore, the research puts forward some countermeasures from three aspects of government intervention, market development and the property right system, to effectively improve the institutional innovation level of high-tech industries in China.