Abstract
The high-tech zone as the locomotive of economic growth, it plays an important pole to promote regional economic development. This paper researches empirically the relationship between technology innovation diffusion of Hunan high-tech zone and regional economic growth based on panel date. The results show that technology innovation diffusion of Hunan high –tech zone has made great progress, but there is a big difference among these high-tech zones; technology innovation diffusion of high-tech zone has a significant influence on regional economic growth, it promotes economic growth of Hunan province about 6.988% if the growth of high tech-zone GDP is 10%; however, technology innovation diffusion effect from various high-tech zones exist significant difference. 10% growth of high tech-zone GDP can drives the regional economic growth of 8.904% at most or 2.335% at least.
Highlights
As we all know, technological innovation can only exert its value through diffusion
This paper attempts to take Hunan High-tech Zone as the research object, through the quantitative analysis method to explore the relationship between the technological innovation diffusion and the local economic growth, which provides a reference for the further development of regional economy and the formulation of policies by relevant departments
With every 10% increase in the gross domestic product (GDP) of the high-tech zone, the above high-tech zones can bring the economic growth of the region to 8.904%, less can reach 2.335%
Summary
Technological innovation can only exert its value through diffusion. In this sense, the diffusion of technological innovation is more meaningful and valuable than the technological innovation itself. Yang Su and Zhu Zi-liang (2008) [5] took Xi'an Hi-tech Development Zone as an example to study the role of technological innovation diffusion in the economic growth in the surrounding areas. Based on the data of China's green technology innovation and economic growth from 1991 to 2010, Chen Yan-chun et al (2014)[29] conducted empirical analysis using panel data fixed-effects model, revealing that there is a "U" -shaped relationship between green technology innovation and economic growth in China He Xing-lang (2015) [30] discussed the influence of knowledge heterogeneity, inter-regional knowledge diffusion intensity, technology absorption effect and environmental pollution transmission effect on the evolution and steady state of economic space and the dynamic changes of regional welfare. Based on the panel data, the relationship between the diffusion of technological innovation in high-tech zones and regional economic growth has not been found
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