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| Does Ageing Affect Technological Innovation? |
| Gao Yue |
| School of Business，Shandong University of Technology，Zibo 255000，China |
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Abstract China is entering the period of population aging.Aging has two kinds of impact on technological innovation,one is the positive side and the other is the negative side.These two forces perform in the opposite way.From the macro perspective,the impact of population aging on the innovation is in an inverted U type trend,that is,with the aging of population,impact on innovation firstly increases and then decreases.Based on the panel data of Chinese provincial level,this paper uses instrumental variables regression,differential GMM and system GMM methods for the empirical research.The results confirm that impact of aging on innovation is of inverted U type,and that the peak age of invention,utility model and design is not the same,and that invention patent has the earliest peak age as it is typical fundamental innovation.
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Received: 15 March 2017
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Corresponding Authors:
Gao Yue
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