The Impact of Technological Innovation on Economic Growth: A Study Based on Relevant Cases

Technological innovation is an important force behind the economic growth. This paper proceeds to explore the influence of technological innovation on economic growth in terms of the outcome of patent production, the money spent on research and development, as well as the number of personnel in research and development in different regions of China and the world. The goal of the research is to analyze how technological innovation promotes or hampers economic growth as measured with GDP adopting an emphasis on regional differences. A quantitative empirical analysis, which includes regression models, has been carried out to find out the dynamics of the relation between the principle indicators of innovation and the economic performance in China in its eastern, central, and western provinces from 2010 to 2023. The results show that areas with higher patent production and R&D funding have faster economic growth compared to those that do not have these technologies. In contrast, the latter areas may lag behind the former either because of fewer resources or due to a lack of or inadequate infrastructure.