Influence of technical innovation on Shaanxi economic growth
Lei Wang
Abstract
Lei Wang
Abstract
In order to test the exact influence of technical innovation on the economic growth of Shaanxi Province,this paper builds an endogenous growth model on the basis of Cobb-Douglas production function.With the macroeconomic data of Shaanxi Province from 1996 to 2004,the paper also takes an empirical perspective with multiple regression method.Empirical research shows that the economic growth in Shaanxi Province still relies on the drive of large amount of capital investment instead of technical innovations,which is still in its extensive development phase.In the future,the technical innovations in Shaanxi Province should be promoted from the scales of nation,districts and enterprises.
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In order to test the exact influence of technical innovation on the economic growth of Shaanxi Province,this paper builds an endogenous growth model on the basis of Cobb-Douglas production function.With the macroeconomic data of Shaanxi Province from 1996 to 2004,the paper also takes an empirical perspective with multiple regression method.Empirical research shows that the economic growth in Shaanxi Province still relies on the drive of large amount of capital investment instead of technical innovations,which is still in its extensive development phase.In the future,the technical innovations in Shaanxi Province should be promoted from the scales of nation,districts and enterprises.
Key concepts: Investment (military), Production (economics), Technical change, Order (exchange), Technical progress, Economics, Capital (architecture), Cobb–Douglas production function