Relationship between Technology Innovation Diffusion of Hunan High-Tech Zone and Regional Economic Growth: Empirical Research Based on Panel Data
Science Journal of Business and Management
Volume 6, Issue 1, February 2018, Pages: 9-14
Received: Dec. 30, 2017; Accepted: Jan. 25, 2018; Published: Feb. 12, 2018
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Author
Yang Guo-zhong, Business School, Central South University, Changsha, China
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Abstract
The high-tech zone as the locomotive of economic growth, it plays an important pole to promote regional economic development. This paper researches empirically the relationship between technology innovation diffusion of Hunan high-tech zone and regional economic growth based on panel date. The results show that technology innovation diffusion of Hunan high –tech zone has made great progress, but there is a big difference among these high-tech zones; technology innovation diffusion of high-tech zone has a significant influence on regional economic growth, it promotes economic growth of Hunan province about 6.988% if the growth of high tech-zone GDP is 10%; however, technology innovation diffusion effect from various high-tech zones exist significant difference. 10% growth of high tech-zone GDP can drives the regional economic growth of 8.904% at most or 2.335% at least.
Keywords
High-Tech Zone, Technology Innovation Diffusion, Economic Growth, Empirical Study
To cite this article
Yang Guo-zhong, Relationship between Technology Innovation Diffusion of Hunan High-Tech Zone and Regional Economic Growth: Empirical Research Based on Panel Data, Science Journal of Business and Management. Vol. 6, No. 1, 2018, pp. 9-14. doi: 10.11648/j.sjbm.20180601.12
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Copyright © 2018 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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