Research on the influence of technological innovation and technological application: Evidence from China

Shi, Zhen; Wu, Yingju; Chiu, Yung‐ho; Chang, Tzu‐Han

doi:10.1016/j.jengtecman.2021.101670

Cited by 14 publications

(7 citation statements)

References 25 publications

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“…The proportion of R&D investment in GDP far exceeds the EU average and is close to the average high-income countries (Peng et al, 2020). However, the continuous increase in scientific and technological innovation input has not yet manifested its effect on the improvement of China's total factor productivity, and the expansion of scientific and technological innovation input has reduced the contribution of total factor productivity to economic growth and has fallen into the dilemma of technological innovation (Shi et al, 2022). Nowadays, economic and political games are intensifying on the international stage, and the role of financial services in the real economy is especially critical for China to become an innovative country in 2035 (Mai et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

Lu¹,

Dagestani²

2023

JIE

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Based on China's 30 provincial panel data from 2006 to 2018, this paper uses the spatial Durbin model to empirically study the influence path and transmission mechanism of financial development on regional technological innovation, and introduce digital finance environment, marketization degree, and government environmental management as an adjustment variable to verify its regulating effect on financial development and regional technological innovation. The study found that the overall promotion of digital finance to local technological innovation is not significant. Besides, the characteristics of ownership discrimination and weak risk appetite in the bank's medium and long-term credit market have led to its failure to promote regional technological innovation. In contrast, the stock market and bond market in direct financing channels have enhanced local innovation capabilities. When the external environmental system is used as the adjustment variable, the results show that an excellent digital finance development, marketization degree, and government environmental management can effectively and positively regulate the effect of financial development and technological innovation.

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Section: Introductionmentioning

confidence: 99%

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

Lu¹,

Dagestani²

2023

JIE

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“…For these reasons, education can improve thinking and promote innovation (Wu and Liu, 2021), although we observed a signi cant time lag effect (Table 1). This can be explained by the observation that the cultivation of talent takes time, and technological innovation needs a high level of talent (Shi et al, 2022). However, China's higher education system does not encourage a high level of innovation, leading to a shortage of highly skilled and innovative workers for the high-tech sector and other innovative industries (Xiong et al, 2022).…”

Section: Discussionmentioning

confidence: 99%

What factors promote the development of technological innovation? An analysis of 286 Chinese cities

Yang

Cai

Cao

2023

Preprint

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Scientific discovery and technological innovation are the ultimate forces that promote socioeconomic development. However, researchers are not certain which factors play a leading role in scientific discovery and technological innovation and what differences in these factors exist between regions. In this study, we selected 286 Chinese cities at the same administrative level and developed a coupling model to link them within a comprehensive evaluation framework, then performed multiple-regression analysis and geographically weighted regression to identify the key driving factors for scientific discovery and technological innovation, their contributions to innovation, and their regional differences. We found that marketization (development of a market economy), population density, industrial upgrading, health care, and industrialization most strongly promoted Chinese innovation from 2007 to 2019, whereas the innovation level decreased with increasing environmental pollution. To promote scientific discovery and technological innovation, we should increase marketization, promote market-oriented reform of universities, sustainably increase population density, and upgrade the industrial structure. These results will provide important guidance for the formulation of China's future science and technology policy, but our method will also help other countries improve their own science and innovation by learning from China's experience.

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“…In the case of China, Shi et al (2022) investigated the effect of technological innovation and application on development considering provincial data. The study postulated that the efficiency value of China's technological innovation and technological application has to be developed and there is positive and effective inventive activity between technological innovation and technological application.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Nexus between green investment and technological innovation in BRI nations: What is the role of environmental sustainability and domestic investment?

Xiao

Qamruzzaman

2022

Front. Environ. Sci.

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The critical role of technological innovation has been extensively investigated by considering various aspects of macro-fundamentals across the world. Although the determents of technological innovation have been investigated predominantly from the perspective of firms, the role of macro-fundamentals is yet to be extensively explored. The aim of the study is to investigate the effects of green investment, measured by renewable energy; domestic investment measured by gross capital formation; and environmental sustainability measured by carbon emission on technological innovation in BRI nations for the period 2000–2021. The study used a cross-sectional dependency test, a unit root test following CADF and CIPS, an error correction-based panel cointegration test, ARDL, CS-ARDL, and a nonlinear ARDL. Furthermore, the directional causalities were documented by performing the heterogeneous causality test. Taking into account the findings of the study, it is revealed that green investment and domestic investment are positively connected with technological innovation in BRI nations, while environmental sustainability is correlated negatively and statistically significant to technological innovation. Furthermore, the asymmetric investigation established asymmetric effects from green investment, environmental sustainability, and domestic investment to technological innovation. According to the asymmetric coefficients, the positive and negative shocks of green and domestic investment disclosed positive and statistically significant links with technological innovation, whereas the asymmetric shocks in environmental sustainability revealed adverse ties to technological innovation in BRI nations. The study documented the unidirectional causal effects from green investment to technological innovation [GI→TI] and technological innovation to environmental sustainability [TI→ES]. Furthermore, the study documented bidirectional casualties between domestic investment, foreign direct investment, financial development, and technological innovation [TI←→DI; TI←→FDI; TI←→FD]. The study suggested that domestic capital formation and environmental protection in BRI nations should be actively promoted to accelerate technological innovation. Furthermore, the study postulated that investment in research and development should be encouraged with incentives for technological innovation.

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Research on the influence of technological innovation and technological application: Evidence from China

Cited by 14 publications

References 25 publications

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

How does financial development environment affect regional innovation capabilities? New perspectives from digital finance and institutional quality

What factors promote the development of technological innovation? An analysis of 286 Chinese cities

Nexus between green investment and technological innovation in BRI nations: What is the role of environmental sustainability and domestic investment?

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