Abstract
Sustainable development has increasingly become a primary concern of governments in the stage of high-quality economic development. Taking as an example Guangdong Province, China, where development and polarization coexist, this study uses a Vector Autoregressive(VAR) model to examine the relationship between higher education, technological innovation, and economic growth, and then uses the Coupling Coordination (CC) model to evaluate the developing coordination of subsystems where the above three elements are located; furthermore, it summarizes the mechanisms and corresponding paths of higher education on the quantity and quality of economic growth and illustrates the interactive relationships, the dynamic mechanisms, and the influencing factors. The results show that there is a dynamic interaction mechanism between higher education, technological innovation, and regional economy. The effect of this mechanism is enhanced in developed areas and with an obvious circle cumulative effect, while partly inhibited in undeveloped areas and with less or no circle cumulative effect. Therefore, on the path towards high-quality development, endogenous development models should be formulated and strengthened by developing higher education and constructing an innovation system, especially in the undeveloped areas. Higher education should be more in the regional development framework and targeted at the interaction and synergy in the regional socioeconomic system.
Highlights
Looking at the research regarding the determinants of economic growth and practices of different countries, a basic conclusion can be made that human capital and technological progress are crucial to regional socio-economic development
The coupling degree of the three subsystems is very high, with a nine-year average of 0.9912, which further validates the relationships between higher education, technological innovation, and economic growth, as mentioned in the literature review and the previous chapter. e coupling coordination degree of the three subsystems is not very good, with a nine-year average of 0.5636, which partly validates the uncoordinated development among higher education, technological innovation, and the regional economy
Taking a developed region in a developing country as an example, this study discusses the relationship between higher education, technological innovation, and economic growth, the coordinated development of the subsystems where the above three elements are located, as well as the sustainability of regional development and quality of economic growth
Summary
Looking at the research regarding the determinants of economic growth and practices of different countries, a basic conclusion can be made that human capital and technological progress are crucial to regional socio-economic development. In discussing how human capital and technological progress influence regional development, scholars have emphasized the importance of higher education. From the perspective of innovation theory, Higher Education Institutions (HEIs) are embedded in regional innovation systems through scientific research and social services and make important contributions to regional economic development by promoting knowledge diffusion and technological transfers [4,5,6]. Among the research regarding the specific mechanism of the interaction between higher education, technological innovation, and economic growth, different conclusions have been reached due to differences between countries, economic systems, and regional development. As the polarization phenomenon has a direct impact on the quality and fairness of social welfare, it indirectly affects the population quality
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