Research on the correlation between Chinaʼs scientific research, technology innovation and economic development

  • Aleksei I. Korotkevich Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus
  • Xu Xiaoyun Gansu Zhongli Beidou Satellite Navigation Information Service Co., 279 Yannan Street, Lanzhou 730010, China; Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

Abstract

The purpose is to study the relationship between China’s scientific research investment, technological innovation and economic development in the past 20 years. This article uses empirical research to sequentially analyze the time series using unit root test, cointegration test, and Bayesian network graph model analysis. The research results show that there is a long-term balanced cointegration relationship between scientific research investment, technological innovation and economic development.

Author Biographies

Aleksei I. Korotkevich, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

PhD (economics), docent; head of the department of banking economics, faculty of economics

Xu Xiaoyun, Gansu Zhongli Beidou Satellite Navigation Information Service Co., 279 Yannan Street, Lanzhou 730010, China; Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

finance manager, Gansu Zhongli Beidou Satellite Navigation Information Service Co., and postgraduate student at the department of banking economics, faculty of economics, Belarusian State University
.

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Published
2020-09-12
Keywords: technological innovation, research investment, economic development, cointegration test, Bayesian network probability graph
How to Cite
Korotkevich, A. I., & Xiaoyun, X. (2020). Research on the correlation between Chinaʼs scientific research, technology innovation and economic development. Journal of the Belarusian State University. Economics, 1, 96-102. Retrieved from https://journals.bsu.by/index.php/economy/article/view/2282
Issue
No 1 (2020): Journal of the Belarusian State University. Economics
Section
O. Economic Development, Innovation, Technological Change, and Growth

Copyright (c) 2020 Journal of the Belarusian State University. Economics

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