Impact of Technological Innovation on the Yangtze River Delta Region's Economy Based on a Quantile Regression

DOI

10.2991/978-94-6463-142-5_58How to use a DOI?

Keywords

Technological innovation; GDP; Quantile Regression

Abstract

Although the Yangtze River Delta region has an extremely high degree of scientific and technological innovation, its contribution to GDP is not known. Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, which is the new specialized of GDP. The differences in the effects of technical innovation at various GDP levels have not been taken into account in much research. We investigate the effect of technical innovation on GDP in various contexts. This study creates a technological innovation index by first using the principal component analysis approach to minimize the dimension according to the number of patents, innovations, individuals working in scientific and technological innovation, and the price of such research and development. Then, to examine the effect of technical innovation on GDP, we created an OLS model and a quantile regression model that took into account time and regional fixed effects. Finally, a robustness test is performed to demonstrate a consistent outcome.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zeyao Li
PY  - 2023
DA  - 2023/05/15
TI  - Impact of Technological Innovation on the Yangtze River Delta Region's Economy Based on a Quantile Regression
BT  - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
PB  - Atlantis Press
SP  - 507
EP  - 525
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-142-5_58
DO  - 10.2991/978-94-6463-142-5_58
ID  - Li2023
ER  -