Analyzing the Effects of Scientific and Technological Innovation Factors on Regional Development in China
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The purpose of this paper is to analyze the effects of scientific and technological innovation factors on regional development in China. This paper analyzes 31 regions in China, used the Gross Regional Domestic Product(GRDP), which is an objective benchmark indicating a region’s economic development, as the dependent variable, and selected 5 factors, i.e. population, education, culture, economy and scientific and technological innovation, as independent variables affecting the regional economic development in consideration of previous findings and China’s economic development. Based on the factor analysis of GRDP which is the benchmark of the size of a regional economy, permanent resident population, fixed assets investment in culture, sports and entertainment industry, proportion of education expenditure out of a regional government’s total budget spending were grouped into socio-cultural factors. Total investment of foreign invested enterprises and aggregate scientific and technological innovation indicators were included in the economic innovation factor. The multiple regression analysis indicated abundant local workforce, aggressive investment in culture, total investment of foreign invested enterprises and scientific and technological innovation were the factors that had positive effects on regional economic development. Most of all, regional economic development was most affected by the total investment of foreign invested enterprises, but least affected by scientific and technological innovation. Also, non-economic factors which were grouped into the socio-cultural factors in regional economic development served as relatively important influence factors.
Abstract
The purpose of this paper is to analyze the effects of scientific and technological innovation factors on regional development in China. This paper analyzes 31 regions in China, used the Gross Regional Domestic Product(GRDP), which is an objective benchmark indicating a region’s economic development, as the dependent variable, and selected 5 factors, i.e. population, education, culture, economy and scientific and technological innovation, as independent variables affecting the regional economic development in consideration of previous findings and China’s economic development. Based on the factor analysis of GRDP which is the benchmark of the size of a regional economy, permanent resident population, fixed assets investment in culture, sports and entertainment industry, proportion of education expenditure out of a regional government’s total budget spending were grouped into socio-cultural factors. Total investment of foreign invested enterprises and aggregate scientific and technological innovation indicators were included in the economic innovation factor. The multiple regression analysis indicated abundant local workforce, aggressive investment in culture, total investment of foreign invested enterprises and scientific and technological innovation were the factors that had positive effects on regional economic development. Most of all, regional economic development was most affected by the total investment of foreign invested enterprises, but least affected by scientific and technological innovation. Also, non-economic factors which were grouped into the socio-cultural factors in regional economic development served as relatively important influence factors.
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