RESOURCES AND ENVIRONMENT IN THE YANGTZE BASIN >> 2016, Vol. 25 >> Issue (02): 208-218.doi: 10.11870/cjlyzyyhj201602005

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IMPACT OF R&D INPUT ON REGIONAL ECONOMIC GROWTH IN CASE OF THE YANGTZE RIVER ECONOMIC ZONE IN CHINA

CAO Xian-zhong1, ZENG Gang1, ZOU Lin1, LIU Gang1,2   

  1. 1. Center for Modern Chinese City Studies & School of City and Regional Science, East China Normal University, Shanghai 200062, China;
    2. Shanghai Academy of Agricultural Sciences, Shanghai 201403, China
  • Received:2015-05-13 Revised:2015-10-07 Online:2016-02-20
  • Supported by:
    The National Natural Science Foundation of China (41371147);The soft science research project of Science and Technology Commission of Shanghai Municipality (15692100700);The Doctoral Young Scholar Funding of East China normal university (XRZZ2014002)

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Abstract: The Chinese government put forward the development strategy of the Yangtze River Economic Zone in September 2014. The proportion of GDP of the Yangtze River Economic Zone in China is 45.62%, and many scholars expected the proportion would up to 50% in 2020. The relationship between R&D input and economic growth has been the hot study in the economics, economic geography and so on, and research has found that R&D input was an important effect on regional economic growth and the impact of R&D input on economic growth was positive correlation, but some deficiencies were still existed. Based on the C-D model, we built the relationship model between R&D input and economic growth through the panel data of R&D input and economic growth of 110 cities during 1990-2013 in Yangtze River Economic Zone. With the help of Eviews7.2, we finessed the unit root test, co-integration test and built the panel data model, which can be used to analysis the impact of R&D input on regional economic growth. The results showed that: (1) The relationship between R&D input and regional economic growth was long-term and stable, and there was a certain hysteresis effect between R&D short-term input and regional economic growth, the elasticity of R&D input in the short-term was higher than the long-term.; (2) The relationship between R&D input and regional economic growth was positive correlation significantly, but the elasticity coefficient of R&D personnel input (the average of Yangtze River Economic Zone was 2.351) was higher than R&D expenditure input (the average of Yangtze river economic belt is 1.013), which showed that regional economic growth dependences much more on R&D personnel. In the other words, talent (person with ability) was more important than money to regional economic growth; (3) The spatial differences of R&D input in the Yangtze River Economic Zone was significant, and R&D input in the area of the lower of Yangtze River was the highest, but the impact of R&D input on regional economic growth in the area of the lower Yangtze River was the lowest. Why was the impact of R&D input on regional economic growth different among the regions? The growth of regions would result from the balance between their stocks of both local and global (i.e. non-local) network capital, but the R&D input of this article was local, and the regions in the area of the lower of Yangtze River were export-oriented economy, so the impact of R&D input on regional economic growth in the area of the lower of Yangtze River was less significant than the middle and the upper of Yangtze River. At last, in order to promote regional economic growth, this article put forward the proposal of increasing the intensity of R&D input, making the medium and long-term planning for R&D input, and improving the achievements conversion rate of scientific and technological. In the future, we can incorporate the network capital of innovation network of local and global into the regional economic growth model, which can help us to better research the relationship between regional economic growth and innovation.

Key words: R&D input, economic growth, fixed-effects variable-coefficient model, the Yangtze River Economic Zone

CLC Number: 

  • K902
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