Research Of Technology Standard, Technology Innovation’s Impact On Economic Growth

Under the background of economic globalization, rise of knowledge economy and network economy make an increasingly close relationship among technology standard, technology innovation and economic growth. Technology standard and technology innovation have become core elements for nation and region competitive power. Technology innovation and diffusion promote economic growth and become the foundation of technical standard, achievements fusion of technology standard and technology innovation have important impacts on economic growth. This article, from the perspective that technology standard and technology innovation are conducive to economic growth, uses panel data and brings technical standard measure index (national standard), technology innovation measure index (national R&D, national patent applications) into Cobb-Douglas production function for empirical analysis. Results show, as source of technology progress, technology innovation investment (R&D), technology innovation achievements (national patent applications) and standard (national standard stock) have positive influence on economic growth. Meanwhile, the empirical results indicate a relatively obvious correlation between technology innovation (patent) and standard stock. Technology standard has positive influence on technology innovation and diffusion, standard is not serious obstacle for innovation, which also provides certain impetus for standard. According to the analysis results above, the article puts forward policy suggestions of enhancing technology standards level, improving technology innovation ability, and exerting the synergy for economic growth.