The Empirical Analysis on the Relationship of the Science and Technology Input and the Services Economic Growth in Zhejiang Province
Yefeng Wang
Abstract
Yefeng Wang
Abstract
Applying the method of grey correlative analysis,the paper studies the relationship between the indicators of the science and technology input and the service economy growth in Zhejiang province by using the 2003-2011 statistical data in the Zhejiang province.The research shows that the scientific research expenditure,research and development(R D) expenditure and science and technology input have a significantly positive correlation to the services economic growth in Zhejiang province;the greatest impaction is scientists and technicians,followed by scientific research expenditure,and research and development(RD) expenditure.Based on the empirical analysis,some policy suggestions about developing service industry in Zhejiang province are proposed.
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Applying the method of grey correlative analysis,the paper studies the relationship between the indicators of the science and technology input and the service economy growth in Zhejiang province by using the 2003-2011 statistical data in the Zhejiang province.The research shows that the scientific research expenditure,research and development(R D) expenditure and science and technology input have a significantly positive correlation to the services economic growth in Zhejiang province;the greatest impaction is scientists and technicians,followed by scientific research expenditure,and research and development(RD) expenditure.Based on the empirical analysis,some policy suggestions about developing service industry in Zhejiang province are proposed.
Key concepts: Tertiary sector of the economy, Service (business), Empirical research, Statistical analysis, Regional science, Positive correlation, Business, Economic growth