Research On The Influence Of Technology Spillovers From High-tech Products Trade On China's Economic Growth

Under the background of the new normal of global economic development,the competition of economic strength between countries has essentially become the competition of technological progress.And technological progress depends on the technology spillovers of international trade,especially the trade of high-tech products.Therefore,the trade of high-tech products has become an increasingly important part of international trade and has been paid more and more attention by all countries in the world.In view of this,a series of policies to promote the trade of high-tech products have been issued in China,making the trade of high-tech products gradually becomes an important part of China's international trade,and has an increasingly prominent impact on economic growth.So it is of great significance to study the mechanism and effect of technology spillovers of high-tech products trade on China's economic growth and to find ways to effectively utilize technology spillovers of high-tech products trade to promote economic growth.Based on the panel data of 31 C.hinese provinces,municipalities and autonomous regions from 2007 to 2018,this paper empirically analyzes the impact of high-tech products trade technology spillovers on China's economic growth through descriptive statistical analysis and econometric analysis.In the part of relevant theoretical basis,this paper expounds the theoretical basis of the international trade technology spillovers,the measurement of international trade technology spillovers and the economic growth.In the part of the current situation and characteristics of high-tech products trade and economic growth,this paper makes a descriptive statistical analysis and finds that although China's high-tech products trade and GDP are both increasing year by year.there are also problems such as the over dependence of high-tech products export on processing trade and the slowdown of GDP growth.In the part of empirical analysis,this paper analyzes the impact of high-tech products trade technology spillovers on China's economic growth from the overall level and the regional level.The result shows that:(1)The technology spillovers of high-tech products import promotes China's economic growth,while the effect of high-tech products export technology spillovers on economic growth is negative.What's more,the effect of high-tech products trade technology spillovers on Chinese economic growth is lower than that of other products trade due to the low proportion of high-tech products trade in international trade.(2)The effect of high-tech products trade technology spillovers o Chinese economic growth is affected by technology absorptive capacity,which mainly depends on the level of R&D capital investment and human capital.Furthermore,the role of R&D capital investment and human capital in promoting technology absorptive capacity has not been fully played in the western region of China.(3)Domestic capital and labor input are still the primary sources of economic growth.And in the central and western regions of China,the effect of high-tech products trade technology spillovers on Chinese economic growth has not been fully exerted.Finally,according to the results,this paper puts forward the following suggestions:Adjusting the structure of high-tech products export,expanding the scale of high-tech products import and export,strengthening the ability of technology absorption and deepening the implementation of innovation driven strategy.