Empirical Research on the Interaction between Marine Scientific and Technological Innovation and Marine Economic Development

Abstract

Yu, D. and Zou, Z., 2020. Empirical research on the interaction between marine scientific and technological innovation and marine economic development. In: Yang, D.F. and Wang, H. (eds.), Recent Advances in Marine Geology and Environmental Oceanography. Journal of Coastal Research, Special Issue No. 108, pp. 7–11. Coconut Creek (Florida), ISSN 0749-0208.Scientific and technological innovation is of great significance to marine economic growth. This study selected marine technology innovation and marine economic growth data from 2005 to 2017 of Hainan Province, China, and constructed a vector autoregressive model to conduct an empirical analysis of the interactive relationship between marine technological innovation and marine economic growth in Hainan. The results show that there is a significant co-integration relationship between investment in scientific and technological innovation and economic growth. The growth of Hainan's marine economy is the Granger cause for the increase in the number of scientific researchers in area marine scientific institutions; the increase in marine scientific research personnel and the increase of marine scientific research funding in turn will drive marine economy development. Based on the above conclusions, corresponding policy suggestions are proposed from the perspective of the government's top-level design, personnel training and introduction system, and marine intellectual property protection, to boost the high-quality development of Hainan's marine economy.