Correlation Analysis Between Scientific and Technological Progress and Economic Development

Chengju LI

Abstract


There exists an interdependence between scientific and technological progress and economic development. The development of science and technology brings along economic development, meanwhile economic development offers powerful support for it. Based on statistical analysis of the relationship between Sci-Tech investment and economic growth in recent decade, this article explores the dependencies between them, and gives us a measurement model. The result suggests that local Sci-Tech investment is more effectively for GDP growth. Furthermore, a win-win proposal of seeking for Sci-Tech progress and economic growth is given.

Key words: Science and technology development; Independent innovation; National innovation system; Measurement model


Keywords


Science and technology development; Independent innovation; National innovation system; Measurement model



DOI: http://dx.doi.org/10.3968%2Fj.mse.1913035X20120602.8Z131

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