The Impact of Technological Innovation on Economic Growth: Evidence from China

DOI

10.2991/assehr.k.211209.311How to use a DOI?

Keywords

Technological innovation; Economic growth; Regression Model

Abstract

The development of technological innovation has a significant impact on economic growth. Based on China’s data from 1990 to 2019, we study the impact of technological innovation on China’s economic growth. To solve this problem, this paper adopts theoretical mechanism analysis and empirical model research. The theoretical analysis results show that the progress of technology will make a country’s economy develop continuously. By building the OLS model and WLS model, we find that when the government’s financial expenditure on science and technology innovation increases, it will greatly improve economic growth. This shows that a country’s economic growth needs the promotion of technology and the strong support of the government, and financial support has the most significant effect on economic growth.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Xiaowei Wang
AU  - Lingwen Xu
PY  - 2021
DA  - 2021/12/15
TI  - The Impact of Technological Innovation on Economic Growth: Evidence from China
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 1911
EP  - 1916
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.311
DO  - 10.2991/assehr.k.211209.311
ID  - Wang2021
ER  -