The Study On The Economic Growth Effect Of Technology Transaction

Reducing the limitation of technology and innovation supply is an important part of the structural reform of the supply side.As a critical link between technology and economy,technology transaction plays an important role in optimizing the allocation of technical resources and improving the transformation level of technological achievements,also encouraging technological innovation.Giving play to the potential economic function of technology trade is a breakthrough in the reform of supply side technology and also an important way to promote the transformation of growth momentum to innovation driven.Therefore,we should exert the innovation economic function of technology trading activities,and clarify the mechanism of technological trade on economic growth,and calculate the contribution of technical transactions to economic growth.It has important practical and theoretical significance to promote the reform of the technology exchange market and explore the motive force of economic growth.At first,this paper describes the present situation of our country's technology transaction and economic growth,summarizing the characteristics of the impact of the current technology transaction on economic growth to reflect the important role of technology transaction on economic growth.And then,based on the economic growth theory and technological innovation theory,this paper studies the effect mechanism of technical trade on economic growth from the horizontal and vertical dimensions.In the horizontal dimension,technology trading accelerates the process of technology diffusion.So technology introduction enterprise enhance the ability of innovation by imitating innovation through the spillover effect.In the vertical dimension,technology trading activities achieve the transformation of technological achievements.Also the technology demand information induces the original innovation of R&D department,enhancing the level of independent innovation,which has an impact on the economic growth.Based on the above mechanism,this paper uses the product diversification model by Romer as the analytical framework,introducing technical transaction factors into the knowledge production function which represents the technology innovation,and deducing the theoretical model which explains the relationship between technology trade and economic growth.Based on the theoretical model,this paper empirical analysis the impact of technology transaction on economic growth by selecting China's 30 provinces panel data from 2005 to 2014.The results of this study show that the proportion of technology services transaction are rising,and the transaction of technology that involving electronic information,advanced manufacturing,new energy and efficient energy saving and other emerging industries has become increasingly active.there is a balanced relationship between technology trade and economic growth in china in the long term,and increasing the activity of technology transactions will promote economic growth.Secondly,the influence of different regional technology trade on economic growth is obvious.The impact of technology trading on economic growth in the eastern region is at a moderate level.And it has the greatest impact on economic in the central region and least influence on economic in the west region.Finally,the short term fluctuations in the technical trading volume have significant positive impact on short-term fluctuations in economic growth.Therefore,our country should accelerate the reformation of scientific research system and encourage technical trading activities to shorten the transformation period of technological achievements.We should give play to the innovation function of technology trade by innovating technology trading model and promoting the tender model of technical problems and perfecting the system of information disclosure of technical requirements,and balance the level of regional economic development by constructing technology trading platform in the central and western regions,which would accelerate the introduction of technology.