Nonlinear Effect of Scientific and Technological Innovation on Economic Development Based on Spatial Panel and Threshold Model

DOI

10.2991/icoeme-19.2019.49How to use a DOI?

Keywords

scientific and technological innovation; economic development; spatial spillover effect; threshold model

Abstract

Against the background of "strengthening a country through science and technology", the problem of how to promote scientific and technological innovation to effect economic development is of great importance. In order to explore the action mechanism of scientific and technological innovation on economic development, based on the relevant data of 29 provinces, municipalities and autonomous regions in China from 2007 to 2016, this paper adopts the spatial panel regression model and the threshold panel regression model to inspect the non-linear spatial relationship between science and technology and economy. The results show that there is a significant spatial dependence of scientific and technological innovation on economic development in China, and the spatial Durbin panel model is the best research model. Scientific and technological innovation, financial development, opening up and government investment have posed significant positive spatial spillover effects on the economy of neighboring provinces. Human capital and opening up have played a significant role in provincial economy, but it has posed a significant negative effect on the economy of neighboring provinces through the "resource closure effect". The impact of scientific and technological innovation on economic development has obvious threshold effect of opening up and financial development. Hereby, the paper puts forward some countermeasures that promote scientific and technological innovation to influence economic development.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fan Wu
AU  - Qiang Gao
AU  - Tao Liu
PY  - 2019/06
DA  - 2019/06
TI  - Nonlinear Effect of Scientific and Technological Innovation on Economic Development Based on Spatial Panel and Threshold Model
BT  - Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)
PB  - Atlantis Press
SP  - 255
EP  - 263
SN  - 2352-5428
UR  - https://doi.org/10.2991/icoeme-19.2019.49
DO  - 10.2991/icoeme-19.2019.49
ID  - Wu2019/06
ER  -