Regional differences in the impact of science and technology investment on China's economic development

Difference in the basic conditions and the level of development lead to different impacts of science and technology investment. This paper uses the panel data of China's 30 provincial administrative regions from 2008 to 2016 to conduct the empirical test about the regional differences in the impact of science and technology investment on economic development. The results show that there are great differences between different provinces in different regions of China. The positive impact of financial science and technology investment on economic development is obvious in the western region than in the eastern and central regions, and the R&D personnel input promotes economic development more in the eastern region than in the central and western regions, while the R&D expenditure effect has only shown positive effects in some regions. Based on these results and causes, it is necessary to improve the allocation management mechanism of financial technology investment, optimize the R&D expenditure structure, and improve the scientific and technological talent resource management system.

Science and technology investment; Regional Differences; Economic development

Wang Yuwei. Regional differences in the impact of science and technology investment on China's economic development. 2019 Asia-Pacific Forum on Economic and Social Development (APFESD 2019). 2019, Vol.2: 75-80.