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| Analysis of the Impact of ICT on the Economic Growth Quality |
| Lin Yong,Zhang Hao,Huang Xin |
| (School of Public Administration, Chongqing University, Chongqing 400044, China) |
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Abstract This paper uses 2003-2017 provincial panel data to evaluate the impact of ICT capital on the quality of economic development(EGQ).The mediation effect and dynamic threshold effect models identifies the transmission mechanism of ICT capital influencing EGQ. The study found that ICT plays a significant role in capital deepening in EGQ. As far as the transmission mechanism is concerned, the diffusion effect of technological innovation, innovative talent allocation and independent R&D are important channels for ICT capital to improve EGQ. Among them, technology diffusion and talent allocation also have a non-linear adjustment effect. As technology diffusion and talent allocation cross the threshold, the impact of ICT capital on EGQ presents an "inverted U-shaped" characteristic, but the allocation of talent is still in the "inverted U-shaped " on the left. This feature shows that when the current technology diffusion has crossed the critical value of the positive effect on EGQ, the accumulation of ICT capital will become a hindrance to EGQ, and the Chinese economy urgently needs to switch from "imitation innovation" to "independent innovation".
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Received: 05 January 2021
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