IDEAS home Printed from https://ideas.repec.org/a/eee/ecanpo/v76y2022icp146-155.html
   My bibliography  Save this article

Technological progress for sustainable development: An empirical analysis from China

Author

Listed:
  • Li, Xin
  • Zhou, Xiaoxue
  • Yan, Ke

Abstract

Sustainable development has become a new engine to promote economic growth, in which scientific and technological progress, green finance and the efficient development of a green economy have become the main driving forces of economic and societal development. Hence, the continuous improvement of innovation ability through scientific research innovation, as well as the rapid development of the technology market, is an important force for the sustainable development of China. Therefore, by first analysing the related data from 2001 to 2020 of China’s technology market, the time series value of the comprehensive evaluation is obtained. Then, based on the unit root test, cointegration test and Granger causality, this study explores the relationship between the technology market turnover and scientific research innovation. The results show a second-order cointegration between the technology market turnover and scientific research innovation. Scientific research innovation can promote the development of the technology market from the perspective of long-term equilibrium and reverse correction in the short term. Mutual Granger causality and a first-order significant lag are observed between technology market development and scientific research innovation. It is necessary to further improve the management mechanism of the technology market. The government should promote the continuous innovative development of the technology market to improve the efficiency of resource allocation and enhance the connection between the technology market and innovation subjects.

Suggested Citation

  • Li, Xin & Zhou, Xiaoxue & Yan, Ke, 2022. "Technological progress for sustainable development: An empirical analysis from China," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 146-155.
    • Handle: RePEc:eee:ecanpo:v:76:y:2022:i:c:p:146-155
    DOI: 10.1016/j.eap.2022.08.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0313592622001199
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eap.2022.08.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Farhad Taghizadeh-Hesary & Ehsan Rasoulinezhad & Han Phoumin, 2022. "Ways to achieve universal access to sustainable electricity in Southeast Asia," Economic Change and Restructuring, Springer, vol. 55(4), pages 2031-2050, November.
    2. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    3. Yakun Ji & Xiang Yu & Minghan Sun & Ben Zhang, 2022. "Exploring the Evolution and Determinants of Open Innovation: A Perspective from Patent Citations," Sustainability, MDPI, vol. 14(3), pages 1-11, January.
    4. Lee, Chien-Chiang & Wang, Chih-Wei & Ho, Shan-Ju, 2022. "The dimension of green economy: Culture viewpoint," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 122-138.
    5. Naoyuki Yoshino & Ehsan Rasoulinezhad & Farhad Taghizadeh-Hesary, 2021. "Economic Impacts of Carbon Tax in a General Equilibrium Framework: Empirical Study of Japan," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 23(01n02), pages 1-25, June.
    6. Kani, Masayo & Motohashi, Kazuyuki, 2012. "Understanding the technology market for patents: New insights from a licensing survey of Japanese firms," Research Policy, Elsevier, vol. 41(1), pages 226-235.
    7. Frank Tietze, 2012. "Technology Market Transactions," Books, Edward Elgar Publishing, number 14717.
    8. Junqi Wu & Kui Zhang & Baogui Xin, 2022. "How to Evaluate the Coordination of Green Economy, Education Development, and Technological Innovation? Take China as Example," Discrete Dynamics in Nature and Society, Hindawi, vol. 2022, pages 1-14, January.
    9. Zhong, Wei & Yuan, Wei & Li, Susan X. & Huang, Zhimin, 2011. "The performance evaluation of regional R&D investments in China: An application of DEA based on the first official China economic census data," Omega, Elsevier, vol. 39(4), pages 447-455, August.
    10. Arora, Ashish & Fosfuri, Andrea & Gambardella, Alfonso, 2001. "Markets for Technology and Their Implications for Corporate Strategy," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 10(2), pages 419-451, June.
    11. Shao, Yanmin & Chen, Zhongfei, 2022. "Can government subsidies promote the green technology innovation transformation? Evidence from Chinese listed companies," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 716-727.
    12. Xiaoli Wang & Yun Liu & Yanbing Ju, 2018. "Sustainable Public Procurement Policies on Promoting Scientific and Technological Innovation in China: Comparisons with the U.S., the UK, Japan, Germany, France, and South Korea," Sustainability, MDPI, vol. 10(7), pages 1-27, June.
    13. Tietze, Frank, 2010. "A typology of technology market intermediaries," Working Papers 60, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.
    14. Na Lu & Jiahui Wu & Ziming Liu, 2022. "How Does Green Finance Reform Affect Enterprise Green Technology Innovation? Evidence from China," Sustainability, MDPI, vol. 14(16), pages 1-22, August.
    15. Robert Evenson, 1984. "International Invention: Implications for Technology Market Analysis," NBER Chapters, in: R&D, Patents, and Productivity, pages 89-126, National Bureau of Economic Research, Inc.
    16. Wu, Jiamei & Chen, Zhibin & Guo, Chong, 2022. "How does anti-corruption affect green innovation? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 405-424.
    17. Lopez, Henry & Vanhaverbeke, Wim, 2009. "How innovation intermediaries are shaping the technology market? An analysis of their business model," MPRA Paper 20458, University Library of Munich, Germany, revised 2010.
    18. S. A. Barykin, 2020. "Financial Technology Market In China: Current Situation And Prospects," International Trade and Trade Policy, ФГБОУ ВО "Ð Ð¾Ñ Ñ Ð¸Ð¹Ñ ÐºÐ¸Ð¹ Ñ ÐºÐ¾Ð½Ð¾Ð¼Ð¸Ñ‡ÐµÑ ÐºÐ¸Ð¹ ÑƒÐ½Ð¸Ð²ÐµÑ€Ñ Ð¸Ñ‚ÐµÑ‚ им. Г.Ð’. Плеханова", issue 2.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhu, Chen & Xia, Yuqing & Liu, Qing & Hou, Bojun, 2023. "Deregulation and green innovation: Does cultural reform pilot project matter," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 84-105.
    2. Xie, Xiaoyu & Yan, Jun, 2024. "How does artificial intelligence affect productivity and agglomeration? Evidence from China's listed enterprise data," International Review of Economics & Finance, Elsevier, vol. 94(C).
    3. Lee, Chien-Chiang & Qian, Anqi, 2024. "Regional differences, dynamic evolution, and obstacle factors of cultivated land ecological security in China," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    4. Zhang, Yiren & Ran, Congjing, 2023. "Effect of digital economy on air pollution in China? New evidence from the “National Big Data Comprehensive Pilot Area” policy," Economic Analysis and Policy, Elsevier, vol. 79(C), pages 986-1004.
    5. Hualiang Lu & Zhenying Xie & Guangwei Xu & Xuanwei Cao, 2023. "Study on the Integration of the Sustainable Development Goals in Management Disciplines in Chinese Universities: A Content Analysis," Sustainability, MDPI, vol. 15(7), pages 1-17, March.
    6. Liyan Sun & Zhuoying Wang & Li Yang, 2023. "Research on the Dynamic Coupling and Coordination of Science and Technology Innovation and Sustainable Development in Anhui Province," Sustainability, MDPI, vol. 15(4), pages 1-22, February.
    7. Ankui Hu & Xianhui Mao & Chenghua Fu & Mengkun Wu & Shuai Zhou, 2023. "Engineering Curriculum Reform Based on Outcome-Based Education and Five-Color Psychology Theory," Sustainability, MDPI, vol. 15(11), pages 1-20, June.
    8. Xiao, Nanbing & Zhou, Jincheng & Fang, Xia, 2023. "Role of digital finance, investment, and trade in technological progress," Global Finance Journal, Elsevier, vol. 57(C).
    9. Zhang, Dongyang, 2024. "The pathway to curb greenwashing in sustainable growth: The role of artificial intelligence," Energy Economics, Elsevier, vol. 133(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shang, Yunfeng & Lian, Yi & Chen, Hui & Qian, Fangbin, 2023. "The impacts of energy resource and tourism on green growth: Evidence from Asian economies," Resources Policy, Elsevier, vol. 81(C).
    2. Meschnig, Annika & Dubiel, Anna, 2023. "From formation to performance outcomes: A review and agenda for licensing research," Journal of Business Research, Elsevier, vol. 167(C).
    3. Ming Li & Xiangdong Chen & Gupeng Zhang, 2017. "How does firm size affect technology licensing? Empirical evidence from China," Scientometrics, Springer;Akadémiai Kiadó, vol. 112(3), pages 1249-1269, September.
    4. Wu, Xiaokang & Yu, Jinping, 2023. "Does dialect difference impede patent transaction? Evidence from China's inter-city patent license data," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    5. Zhang, Ming & Wei, Xuejiao, 2024. "Resource efficiency, cultural industry, and green economic growth: A synergistic approach," Resources Policy, Elsevier, vol. 90(C).
    6. Rodríguez, Alicia & Hernández, Virginia & Nieto, María Jesús, 2022. "International and domestic external knowledge in the innovation performance of firms from transition economies: The role of institutions," Technological Forecasting and Social Change, Elsevier, vol. 176(C).
    7. Lee, Jong-Seon & Park, Ji-Hoon & Bae, Zong-Tae, 2017. "The effects of licensing-in on innovative performance in different technological regimes," Research Policy, Elsevier, vol. 46(2), pages 485-496.
    8. Ufuk Akcigit & Murat Alp Celik & Jeremy Greenwood, 2016. "Buy, Keep, or Sell: Economic Growth and the Market for Ideas," Econometrica, Econometric Society, vol. 84, pages 943-984, May.
    9. Yu, Huaying & Wei, Wei & Li, Jinhe & Li, Ying, 2022. "The impact of green digital finance on energy resources and climate change mitigation in carbon neutrality: Case of 60 economies," Resources Policy, Elsevier, vol. 79(C).
    10. Tae-Young Park & Hyungjoo Lim & Ilyong Ji, 2018. "Identifying potential users of technology for technology transfer using patent citation analysis: a case analysis of a Korean research institute," Scientometrics, Springer;Akadémiai Kiadó, vol. 116(3), pages 1541-1558, September.
    11. Schön, Benjamin & Pyka, Andreas, 2013. "The success factors of technology-sourcing through mergers & acquisitions: An intuitive meta-analysis," FZID Discussion Papers 78-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
    12. Wang, Weiwei & Gao, Pengpeng & Wang, Jiahaoran, 2023. "Nexus among digital inclusive finance and carbon neutrality: Evidence from company-level panel data analysis," Resources Policy, Elsevier, vol. 80(C).
    13. Min, Sujin & Kim, Juseong & Sawng, Yeong-Wha, 2020. "The effect of innovation network size and public R&D investment on regional innovation efficiency," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    14. Wu, Anbing & Chen, Junying & Zhang, Yanyan, 2023. "Natural resources and energy resources prices an answer to energy insecurity? The role of mineral, forest, coal resources and financial development," Resources Policy, Elsevier, vol. 87(PA).
    15. Lin, Boqiang & Xie, Jiawen, 2023. "Superior administration’s environmental inspections and local polluters’ rent seeking: A perspective of multilevel principal–agent relationships," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 805-819.
    16. Tao, Miaomiao & Dagestani, Abd Alwahed & Goh, Lim Thye & Zheng, Yuhang & Le, Wen, 2023. "Do China's anti-corruption efforts improve corporate productivity? A difference-in-difference exploration of Chinese listed enterprises," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    17. Caviggioli, Federico & Ughetto, Elisa, 2016. "Buyers in the patent auction market: Opening the black box of patent acquisitions by non-practicing entities," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 122-132.
    18. Zhou, Ying & Zhou, Xiaofeng, 2023. "Role of environmental emissions on work engagement in industrial sectors: An exploratory study of the workforce, resource planning, and environmental performance in sustainable development," Resources Policy, Elsevier, vol. 85(PB).
    19. Han, Shaojie & Su, Jingqin & Lyu, Yibo & Liu, Qing, 2022. "How do business incubators govern incubation relationships with different new ventures?," Technovation, Elsevier, vol. 116(C).
    20. Mariani, Marcello M. & Fosso Wamba, Samuel, 2020. "Exploring how consumer goods companies innovate in the digital age: The role of big data analytics companies," Journal of Business Research, Elsevier, vol. 121(C), pages 338-352.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:76:y:2022:i:c:p:146-155. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.