Empirical Analysis On The Role Of Science And Technology In Economic Growth

At present,the socialization of science and technology、the economization of knowledgeand the globalization of economic develop dynamically.It is an irresistible general trend topromote the progress of science and technology and accelerate the industrialization ofscientific and technological achievements.The future of human beings and the prosperity ofthe country are more mainly dependent on the development of science and technology thanthose at any time.Scientific and technological progress has become the main driving force fornational economic growth.Since the reform and development, socio-economic developmenthas taken great change due to paying attention to science and technology. China is the world’ssecond largest economy, the economy and social development will draw much attention of theworld in the future,so it has the important significance that this paper take an research on anempirical analysis on the role of science and technology.Research ideas of this paper : firstly,on the basis of previous scientific and technologicalprogress and economic growth theory,use Solow residual method、the generalized C Dproduction function method and grey correlation degree method to respectively calculate andanalyze the contribution rate of scientific and technological progress to economicgrowth.Secondly, R &D investment of the science and technology is the material guaranteeand power of science and technology. Along with the continuous improvement of science andtechnology to improve the contribution rate of economy growth, we should attach moreimportance to R &D investment of the science and technology to realize the virtuous cyclebetween technological progress and economic growth.On the basis of co-integrationtheory,the paper analyze quantitatively and qualitatively the relationship between R &D investment of the science and technology and economic growth.Thirdly,the paper applys theabove ones to analyze the micro-enterprise.Because of the limitation of the Qingdao HaierCo.,Ltd.,the paper uses grey correlation method to analyze the Qingdao Haier Co.,Ltd.andpredict the contribution rate to technological progress with GM (1,1)model.The correlationbetween R &D investment and technology and economic growth is not strong and there arenot long-term and stable relationship between them during 1996-2011 in Qingdao.Theirbidirectional Granger reasons are not significant.