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

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Research on the Relationship Between Technological Innovation and Regional Economic Development

Authors
YiXin Xiao1, *, JingWen Chen2, ZhongQiu Gao3
1School of Management and Engineering, Nanjing University, Nanjing, China
2Hongshan College, Nanjing University of Finance and Economics, Nanjing, China
3Govtor Capital Company Limited, Shanghai, China
*Corresponding author. Email: xyxfinance@outlook.com
Corresponding Author
YiXin Xiao
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_38How to use a DOI?
Keywords
Economic development; Technological innovation; Innovation efficiency; Innovation input; Innovation output
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.

Copyright
© 2022 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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Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_38How to use a DOI?
Copyright
© 2022 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.

Cite this article

risenwbib
TY  - CONF
AU  - YiXin Xiao
AU  - JingWen Chen
AU  - ZhongQiu Gao
PY  - 2022
DA  - 2022/12/27
TI  - Research on the Relationship Between Technological Innovation and Regional Economic Development
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 325
EP  - 333
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_38
DO  - 10.2991/978-94-6463-052-7_38
ID  - Xiao2022
ER  -