Research on the Impact of University Innovation Capacity on Regional Economic Growth in Beijing

Abstract

This paper explores the influence of the scientific and technological innovation ability of universities in Beijing on regional economic growth. Using data of universities in Beijing from 2001 to 2020, this paper constructs a multi-level indicator system and applies the entropy method to measure the scientific and technological innovation capacity of Beijing universities. This paper finds a continuous growth trend in the scientific and technological innovation ability of Beijing’s universities over the last two decades. The regression result demonstrates that this growth trend has a significant impact on regional economic growth. Despite other moderating factors, such as capital, labor, international openness, and government expansion, the optimization of the industrial structure plays a vital role in Beijing's economic growth.