IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i22p9733-d1516647.html
   My bibliography  Save this article

The Influence of the Flow of Scientific and Technological Factors on the High-Quality Development of Regional Economy

Author

Listed:
  • Bing Yang

    (School of Economics and Finance, Guizhou University of Commerce, Guiyang 550014, China
    These authors contributed equally to this work.)

  • Yan Long

    (School of Business Administration, Guizhou University of Finance and Economics, Guiyang 550025, China
    These authors contributed equally to this work.)

  • Tingzhang Yang

    (School of Management Science and Engineering, Chongqing Technology and Business University, Chongqing 400067, China
    School of Management Science and Engineering, Guizhou University of Finance and Economics, Guiyang 550025, China)

  • Wei Sun

    (Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China)

  • Chaofeng Shao

    (College of Environmental Science and Engineering, Nankai University, Tianjin 300071, China)

Abstract

In the new stage of China’s economic transformation from high-speed growth to high-quality development, scientific and technological factors have become the new driving force for the high-quality development of China’s economy. Therefore, how the flow of scientific and technological factors affects the high-quality development of regional economy is worthy of in-depth discussion. Based on the panel data of 30 provinces (municipalities and districts) in China from 2006 to 2019, this paper calculates the high-quality economic development index by constructing a comprehensive index system, and empirically examines the direct effect, spatial effect and threshold effect of the flow of scientific and technological factors (including scientific and technological talent factors and scientific and technological capital factors) on high-quality regional economic development. The results show the following: (1) The flow of science and technology talents and science and technology capital is the main driving factor for the high-quality development of regional economy, and the flow of science and technology talents and science and technology capital can play a complementary role. (2) High-quality regional economic development in China presents a certain clustering phenomenon in geographical space. The flow of scientific and technological talent elements and scientific and technological capital elements can stimulate the improvement of high-quality economic development in surrounding areas through the spatial spillover effect of high-quality economic development. (3) Only when the flow of science and technology factors is matched with a higher degree of financial structure and industrial structure can the flow of science and technology factors more effectively promote the high-quality development of regional economy. (4) The higher the level of industrialization and economic development, the more obvious the impact of the flow of scientific and technological talent factors and scientific and technological capital factors on the high-quality economic development. Meanwhile, the lower the degree of marketization, the more obvious the impact of the flow of scientific and technological capital factors on the high-quality economic development.

Suggested Citation

  • Bing Yang & Yan Long & Tingzhang Yang & Wei Sun & Chaofeng Shao, 2024. "The Influence of the Flow of Scientific and Technological Factors on the High-Quality Development of Regional Economy," Sustainability, MDPI, vol. 16(22), pages 1-27, November.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:22:p:9733-:d:1516647
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/22/9733/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/22/9733/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 249-283.
    2. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    3. Barro, Robert J & Sala-i-Martin, Xavier, 1997. "Technological Diffusion, Convergence, and Growth," Journal of Economic Growth, Springer, vol. 2(1), pages 1-26, March.
    4. J. Paul Elhorst, 2014. "Dynamic Spatial Panels: Models, Methods and Inferences," SpringerBriefs in Regional Science, in: Spatial Econometrics, edition 127, chapter 0, pages 95-119, Springer.
    5. Liuhua Fang & Bin Zhao & Wenyu Li & Lixia Tao & Luyao He & Jianyu Zhang & Chuanhao Wen, 2023. "Impact of Digital Finance on Industrial Green Transformation: Evidence from the Yangtze River Economic Belt," Sustainability, MDPI, vol. 15(17), pages 1-23, August.
    Full references (including those not matched with items on IDEAS)

    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. Kerekes, Monika, 2007. "Analyzing patterns of economic growth: a production frontier approach," Discussion Papers 2007/15, Free University Berlin, School of Business & Economics.
    2. Yasmina Reem Limam & Stephen M. Miller, 2004. "Explaining Economic Growth: Factor Accumulation, Total Factor Productivity Growth, and Production Efficiency Improvement," Working papers 2004-20, University of Connecticut, Department of Economics.
    3. Óscar Afonso, 2001. "The Impact of International Trade on Economic Growth," FEP Working Papers 106, Universidade do Porto, Faculdade de Economia do Porto.
    4. Kar, Sabyasachi & Pritchett, Lant & Raihan, Selim & Sen, Kunal, 2013. "Looking for a break: Identifying transitions in growth regimes," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 151-166.
    5. Tung Liu & Kui-Wai Li, 2008. "Revisiting Solow’s Decomposition of Economic and Productivity Growth," Working Papers 200805, Ball State University, Department of Economics, revised Dec 2008.
    6. Vos, Rob & Frenkel, Roberto & Ocampo, José Antonio & Palma, José Gabriel & Marfán, Manuel & Ros, Jaime & Taylor, Lance & Correa, Nelson & Cimoli, Mario, 2005. "Beyond Reforms: Structural Dynamics and Macroeconomic Vulnerability," IDB Publications (Books), Inter-American Development Bank, number 347, November.
    7. Mihály Borsi & Norbert Metiu, 2015. "The evolution of economic convergence in the European Union," Empirical Economics, Springer, vol. 48(2), pages 657-681, March.
    8. Irwan Shah Zainal Abidin & Nor Aznin Abu Bakar & Muhammad Haseeb, 2014. "An Empirical Analysis of Exports between Malaysia and TPP Member Countries: Evidence from a Panel Cointegration (FMOLS) Model," Modern Applied Science, Canadian Center of Science and Education, vol. 8(6), pages 238-238, December.
    9. repec:cbh:journl:v:14:y:2015:i:3:p:88-105 is not listed on IDEAS
    10. Wu, Mingran & Zhao, Min & Wu, Zhaodan, 2019. "Evaluation of development level and economic contribution ratio of science and technology innovation in eastern China," Technology in Society, Elsevier, vol. 59(C).
    11. Matthew Higgins & Daniel Levy & Andrew T. Young, 2003. "Growth and Convergence across the US: Evidence from County-Level Data," Working Papers 2003-03, Bar-Ilan University, Department of Economics.
    12. Kotlewski Dariusz & Błażej Mirosław, 2020. "KLEMS growth accounting implemented in Poland," Statistics in Transition New Series, Statistics Poland, vol. 21(1), pages 95-122, March.
    13. Hallegatte, Stéphane & Dumas, Patrice, 2009. "Can natural disasters have positive consequences? Investigating the role of embodied technical change," Ecological Economics, Elsevier, vol. 68(3), pages 777-786, January.
    14. Dariusz Kotlewski, 2022. "Przesłanki za wykorzystaniem rachunkowości wzrostu gospodarczego w badaniu specjalizacji regionalnych," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 2, pages 235-258.
    15. Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006. "How Important are Capital and Total Factor Productivity for Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 23-49, January.
    16. Gancia, Gino & Zilibotti, Fabrizio, 2005. "Horizontal Innovation in the Theory of Growth and Development," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 3, pages 111-170, Elsevier.
    17. Thomas Piketty & Gabriel Zucman, 2014. "Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1255-1310.
    18. Nicholas Tsounis & Ian Steedman, 2021. "A New Method for Measuring Total Factor Productivity Growth Based on the Full Industry Equilibrium Approach: The Case of the Greek Economy," Economies, MDPI, vol. 9(3), pages 1-21, August.
    19. Tiwari, Aviral & Mutascu, Mihai, 2010. "Economic growth and and FDI in ASIA: A panel data approach," MPRA Paper 28172, University Library of Munich, Germany.
    20. Dariusz Cezary Kotlewski, 2023. "The soundness of returning to manufacturing through the lens of productivity accounting," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 3, pages 253-274.
    21. Charles R. Hulten & Paul Schreyer, 2010. "GDP, Technical Change, and the Measurement of Net Income: the Weitzman Model Revisited," NBER Working Papers 16010, National Bureau of Economic Research, Inc.

    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:gam:jsusta:v:16:y:2024:i:22:p:9733-:d:1516647. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.