Can University Scientific Research Activities Promote High-Quality Economic Development? Empirical evidence from provincial panel data

Tao Zhu, Xingmin Zhang and Xiaoqian Liu
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Tao Zhu: School of Economics, Henan University, Kaifeng, China
Xingmin Zhang: West Institute for Economic Research, Southwestern University of Finance and Economics, Chengdu, China
Xiaoqian Liu: Research Institute of Economics and Management, Southwestern University of Finance and Economics, Chengdu, China

Review of Economic Assessment, 2022, vol. 1, issue 1, 34-50

Abstract: Scientific and technological innovation and human capital savings are important ways to promote the high-quality development of China's economy. On this basis, using the panel data of 30 provinces in China from 2009 to 2017, this paper empathically tests the impact of university research activities on high-quality growth of China's economy, and explores the influence mechanism from two dimensions of talent cultivation and achievement transformation. Based on the spatial perspective, the regional heterogeneity of these influences is analyzed. This paper finds that: First, research and development activities in universities effectively boost the high-quality development of China's economy. Secend, the stimulating effect of university research and development on economic growth. On the one hand, through the talent training function of scientific research activities, it enriches the accumulation of human capital and drives the economic development; On the other hand, constrained by the predicament of scientific research achievement transformation, the stimulating effect of university scientific research activities on economic growth will be limited to a certain extent. Third, there are significant regional differences in the promoting effect of university research activities on high-quality economic development, and this difference may come from the spatial spillover effect of university research activities. This study has important enlightening significance to understand the relationship between university scientific research activities and high- quality economic development.

Keywords: University scientific research activities; High-quality economic development; Spatial spillover effect (search for similar items in EconPapers)
Date: 2022
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