TITLE:
The Impact of Innovation Efficiency Factors on the Level of Regional Economic Development
AUTHORS:
Yue Fang
KEYWORDS:
Innovation-Driven, Innovation Efficiency, Commercial assets, R & D Human Resources, Regional Economic Development, Interaction
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.8 No.3,
March
25,
2020
ABSTRACT: In recent years, China’s economy has entered a new normal. In the context
of the upgrading of the factor endowment structure, it is necessary to reshape
regional comparative advantages. This article discusses the impact of economic
development on the factors of innovation efficiency in the process of regional
economic growth. The empirical verification results of operating Eviews 9.0
software show that: the human capital effect and the asset investment effect
have significant effects through the coupling with the innovation factors,
respectively. In summary, in the new period, regional development momentum is
transformed into policy system design. R
& D should be encouraged according to the characteristics of regional
development stages, and policy assistance should be provided at the same time
to maximize the commercialization of innovative design of R & D and bring substantial help to regional economic growth.