The Impact of Technological Innovation on Economic Growth: Evidence from China
- 10.2991/assehr.k.211209.311How to use a DOI?
- Technological innovation; Economic growth; Regression Model
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.
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
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 -