The Empirical Research between China's Scientific and Technological Investment and Economic Growth

Abstract:

In order to explore the relationship between China's scientific and technological progress and economic growth, granger test is been used on investment in science and technology and economic growth based on the sample period (1995-2010) of economic data.The experimental results show that : the scientific and technological progress and economic growth are each other's Granger causes. The paper divide the investment of science and technology into the manpower investment and financial investment in the analysis of economic growth and investment of science and technology the causality, then do Granger causality test on economic growth index GDP.

• Periodical: Applied Mechanics and Materials (Volumes 444-445)
• Pages: 1607-1611
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.444-445.1607
• Online since: October 2013
• Authors: Ying Lei
• Keywords: Economic Growth, Granger Test, Technology Investment

References

[1] Li Jingwen, Zheng Youjing. Technology progress and economic performance [ M] . Beijing: China financial and Economic Publishing House, 1989, 11-13.

[2] Li Zi-nai, Pan Wen-qing. Econometrics [M], Beijing; Higner Educationgal Press, 2000, 35-36.

[3] Granger CW. Investigating causal relations by models and crosses pectral methods[J]. Econometrics, 1969, 8-10.

[4] National statistic bureau. Statistical yearbook of China [Z]. Beijing: China Statistics Press, 1995-(2010).

[5] Jia Peng, Wang Xiaoming. An empirical analysis of China's science and technology investment and economic growth relationship. [J] Science-Technology and management, The fourth period, 2004, 24-26.