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Relationship between Technology Innovation Diffusion of Hunan High-Tech Zone and Regional Economic Growth: Empirical Research Based on Panel Data

Received: 30 December 2017     Accepted: 25 January 2018     Published: 12 February 2018
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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.

Published in Science Journal of Business and Management (Volume 6, Issue 1)
DOI 10.11648/j.sjbm.20180601.12
Page(s) 9-14
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

High-Tech Zone, Technology Innovation Diffusion, Economic Growth, Empirical Study

References
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  • APA Style

    Yang Guo-zhong. (2018). 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, 6(1), 9-14. https://doi.org/10.11648/j.sjbm.20180601.12

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    ACS Style

    Yang Guo-zhong. Relationship between Technology Innovation Diffusion of Hunan High-Tech Zone and Regional Economic Growth: Empirical Research Based on Panel Data. Sci. J. Bus. Manag. 2018, 6(1), 9-14. doi: 10.11648/j.sjbm.20180601.12

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    AMA Style

    Yang Guo-zhong. Relationship between Technology Innovation Diffusion of Hunan High-Tech Zone and Regional Economic Growth: Empirical Research Based on Panel Data. Sci J Bus Manag. 2018;6(1):9-14. doi: 10.11648/j.sjbm.20180601.12

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  • @article{10.11648/j.sjbm.20180601.12,
      author = {Yang Guo-zhong},
      title = {Relationship between Technology Innovation Diffusion of Hunan High-Tech Zone and Regional Economic Growth: Empirical Research Based on Panel Data},
      journal = {Science Journal of Business and Management},
      volume = {6},
      number = {1},
      pages = {9-14},
      doi = {10.11648/j.sjbm.20180601.12},
      url = {https://doi.org/10.11648/j.sjbm.20180601.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20180601.12},
      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.},
     year = {2018}
    }
    

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    AU  - Yang Guo-zhong
    Y1  - 2018/02/12
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    T2  - Science Journal of Business and Management
    JF  - Science Journal of Business and Management
    JO  - Science Journal of Business and Management
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    PB  - Science Publishing Group
    SN  - 2331-0634
    UR  - https://doi.org/10.11648/j.sjbm.20180601.12
    AB  - 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.
    VL  - 6
    IS  - 1
    ER  - 

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Author Information
  • Business School, Central South University, Changsha, China

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