Research Article
Technological Innovation and Stability of Economic Growth: An Empirical Research in China
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327677, author={Chen Yu}, title={Technological Innovation and Stability of Economic Growth: An Empirical Research in China}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={technological innovation; stability of economic growth; innovation input-output}, doi={10.4108/eai.9-12-2022.2327677} }- Chen Yu
Year: 2023
Technological Innovation and Stability of Economic Growth: An Empirical Research in China
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327677
Abstract
Based on the inter provincial panel data from 2014 to 2019, this paper empirically investigates the impact of technological innovation on the stability of economic growth. The conclusions are as follows: first, on the whole, technological innovation plays a positive role in promoting the stability of economic growth and can significantly improve the stability of economic growth; Second, the number of patent applications accepted can promote the positive effect of the number of technology contracts on the stability of economic growth; Third, excessive investment in technological innovation has an adverse effect on the stability of economic growth. Based on the above conclusions, this paper puts forward some suggestions: encourage to improve the quantity of technological innovation, improve the quality of technological innovation, and rationally control the investment in technological innovation.