Research on technological innovation and economic growth mode

Abstract

Economic growth is the result of technological innovation or technology introduction, and it is the promotion of total factor productivity. The role of technological innovation in the transformation of economic growth mode is uncertain. By the factors such as technological gap, digestion and absorption capacity, technological innovation is more complex for the transformation of economic growth mode. In this paper, we find that there is a long-term equilibrium relationship between technological innovation and economic growth in China. There is a serious obstruction in the conduction mechanism between technological innovation and real economy in China. Therefore, the transformation of technological innovation to the real economy should be a long-term important task of our country. Therefore, in the further growth of the economy to continue to technological innovation, it’s important to strengthen the digestion and absorption of imported technology, increased technological innovation and personnel training efforts, consolidate and enhance technological innovation capability.