Research on the Impact of Technology Innovation on Quantity and Quality of Economic Growth in the Yangtze River Delta of China: A Comparative Study

Author:

Cao Jialei,Ge Chenran

Abstract

High-quality economic development (HQED) has recently become a crucial sustainable growth mode in China, which pursues economic growth while maintaining social equity and green ecology. The HQED of the Yangtze River Delta (YRD) has played an exemplary role in achieving the leap from “China speed” to “China Quality”. In this paper, we first use the entropy-weight multidimensional comprehensive evaluation method to calculate the HQED index as a proxy for the quality of economic growth. Then, using panel data of 41 cities in the YRD, we conduct a comparative study to examine impacts of technological innovation (TI) on quantity and quality of economic growth by employing different panel estimation models over the period 2009-2019 and check the robustness in five ways. Finally, this paper investigates the TI-economic growth link based on the panel quantile regression across the conditional distributions of economic growth levels. Results show that TI has significantly positive effects in terms of both quantity and quality of economic growth, and the promoting effect on the quantity of economic growth is almost four times higher than that of quality under mean estimations by double fixed-effects. The effect on quantity of economic growth is also stronger than that of quality under the conditional distribution, and TI has a stronger impact for regions with higher levels of economic growth.

Funder

Philosophy and Social Sciences Program Youth Project in Anhui Province of China

Publisher

International Information and Engineering Technology Association

Subject

Management, Monitoring, Policy and Law,Renewable Energy, Sustainability and the Environment,Geography, Planning and Development

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