Relationship Between Innovation Activity and Economic Growth in China——A Preliminary Research Based on Co-integration Theory

Innovation activities,as the source of technology advance,can impulse persistent economic growth in endogenous economic growth theory.But based on China's economic background nowadays,it should be answered timely how important the innovation is in promoting economic growth and what the main character of effect mechanism is.This paper uses co-integration theory and error correction model to explore the relationship between economic growth and innovation.The results show that innovation has significant influence on the growth,but there are also distinct gaps of degree between short term and long term.