The leading and leading role of private high-tech industries in production efficiency is conducive to the implementation of my country's innovation-driven strategy and the realization of high-quality economic growth.This paper uses the urban panel data of private high-tech industries from 2003 to 2013,and uses the dynamic spatial Dubin model to study the direct impact and spatial spillover effects of financial subsidies and advanced stage of industry structure on the production efficiency of private high-tech industries.The research conclusions show that:financial subsidies have a significant ...