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Research on the Relationship Between Technological Innovation and Regional Economic Development

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • YiXin Xiao

    (Nanjing University, School of Management and Engineering)

  • JingWen Chen

    (Nanjing University of Finance and Economics, Hongshan College)

  • ZhongQiu Gao

    (Govtor Capital Company Limited)

Abstract

This article studies the correlation between the regional economic development and the technological innovation using the provincial and enterprise data of China from 2009 to 2018. Based on the results, we draw the following conclusions: Firstly, the most economically developed provinces generally have the highest technological innovation input and output. Secondly, the technological innovation input will efficiently increase the technological innovation output. Thirdly, the regional economic development is positively correlated with the technological innovation input. Fourthly, the efficiency of technological innovation makes a significantly positive contribution to the regional economic development. In summary, both the technological innovation input and efficiency have significantly positive impacts on the regional economic development. Moreover, the marginal utility of innovation efficiency is greater than the technological innovation input. Finally, technological innovation can efficiently improve the profitability of enterprises.

Suggested Citation

  • YiXin Xiao & JingWen Chen & ZhongQiu Gao, 2022. "Research on the Relationship Between Technological Innovation and Regional Economic Development," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 325-333, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_38
    DOI: 10.2991/978-94-6463-052-7_38
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