Technological Innovation, Institutional Change and Economic Growth: an Empirical Study

摘要：

Institutional change and technological innovation have major influences on economic growth. This paper investigates the long-run relationship among technological innovation, institutional change and economic growth by means of co-integration analysis of Chinese data from 1985 to 2007. The conclusions are as follows. Technological innovation plays a certain negative role on economic growth, while institutional change exerts great promotion on the economic growth regardle ss of the interaction between technological innovation and institutional change; the inhibitory impact of technological innovation on economic growth is further increased if the interaction of technological innovation and institutional change is taken into account. Therefore, the key problem at present is how to further reform the economic system so that technological innovation may exert its big function in the economic growth.

关键词： technological innovation institutional change economic growth

作者: Ren Qiping Wang Jing

作者单位: School of Economics, Shandong University of Technology, Zibo, P.R.China, 255049

会议类型: 国际会议

会议名称: 4th International Conference on Productinnovation Management(第四届产品创新管理国际会议)

会议地点: 武汉

会议语种:英文

页码: 1029-1033

在线出版日期: 2009-08-22（万方平台首次上网日期，不代表论文的发表时间）