The Impact of Innovation Efficiency Factors on the Level of Regional Economic Development

Abstract

In recent years, China’s economy has entered a new normal. In the context of the upgrading of the factor endowment structure, it is necessary to reshape regional comparative advantages. This article discusses the impact of economic development on the factors of innovation efficiency in the process of regional economic growth. The empirical verification results of operating Eviews 9.0 software show that: the human capital effect and the asset investment effect have significant effects through the coupling with the innovation factors, respectively. In summary, in the new period, regional development momentum is transformed into policy system design. R & D should be encouraged according to the characteristics of regional development stages, and policy assistance should be provided at the same time to maximize the commercialization of innovative design of R & D and bring substantial help to regional economic growth.