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| Relationship between S&T Achievements from Three Main Parts of Technological Innovation and Economic Growth in China |
| Zheng Linlin |
| School of Economics and Management, Fuzhou University, Fuzhou 350108, China |
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Abstract According to analysis on the composition of main parts of technological innovation and each part's research traits and corresponding economic benefit, this paper further analyzes the situation about relationship between main parts of technological innovation and economic increase. Bases on China's time series data from 1986 to 2011, uses vector autoregressive model, granger causality test, impulse response function and variance decomposition method, and dynamically analyzes relationship between S&T achievements from main parts of technological innovation and economic growth in China. Study shows that S&T achievements from enterprise have best effect on economic growth, and university is in second place. But research institutions have little push on economic growth compared with enterprises and universities. Combining with empirical analysis on China's output effect of S&T achievements from different main parts of technological innovation, puts forward relevant strategies to realize overall effect of S&T achievements from main parts of technological innovation for achieving most positive effects on economic growth and finally makes a contribution to further study on industry, university and research cooperation and construction of nation innovation system.
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Received: 02 July 2015
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