Impact Of Investment In Science And Technology To Economic Growth

Impact of investment in science and technology to economic growth in the Provin ce of ZhejiangNow China's comprehensive national strength steadily rising big country,with the acceleration of global integration,economic openness increases,more and more intens e competition between countries,develop science and technology,continuous improvem ent through innovation to continuously improve the country's international status has b een the only way.Now the speed of China's economic development is obvious.With the steady growth in gross in the "Eleventh Five-Year" by the domestic product,Chin a also proposed transformation of economic development,reduce energy consumption,to achieve sustainable development approach in today's major decision-making is made adhere to the scientific by the road of development.With the scientific and technolo gical progress,the technological innovation to make the economic growth higher and higher,productivity and acting talents to the limit.However,due to our investment in technology start late,basic research is also inadequate.The connection between the c ontribution of cience and technology investment is the same lower,and there is a cert ain lag,different regions there are big differences.Therefore,understanding the current situation and the impact of investment in science and technology to economic growth,needs to be comprehensive and analysis and research in-depth.The mean time,The science&technology is the important productive forces.So h ow to use the limited resources of science&technology to achieve the optimal outpu t,and effectively promote the development of economy.Economy is a serious proble m.Firstly,the current situation and characteristics of the research results on the basis of science and technology in Zhejiang Province;then this article cointegration theory,error correction model and vector autoregression(VAR)model to explore the relations hip between two variables.The study found that the technology investment in promoti ng long-term economic growth effects;then analyzes the input and output performance of the Zhejiang Science and Technology.The study found that there is insufficient in put redundancy and output issues in science and technology in Zhejiang Province.Nex t,we use technology to correct the output efficiency to explore the relationship betwe en them;Finally,we propose some feasible recommendations based on is an urgent pr oblem to be solved.Firstly,the paper analyzes the present situation and characteristics of science&technology in Zhejiang province.