首页|Exploring the Impacts of Technological Innovation on Industrial Structural Transformation:An Analysis Based on the Schumpeterian Endogenous Growth Theory
Exploring the Impacts of Technological Innovation on Industrial Structural Transformation:An Analysis Based on the Schumpeterian Endogenous Growth Theory
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Based on Joseph Schumpeter's theory of"creative destruction,"we constructed a multi-sectoral endogenous growth model that integrates the agriculture,manufacturing,and service sectors.Employing numerical simulation,we investigated the dynamic influence of technological innovation on the industrial structural transformation in two key aspects:the level of innovation and the research and development(R&D)efficiency within industries.Our findings indicate that technological innovation plays a pivotal role in advancing industrial structural transformation.Enhancements in both the level of innovation and R&D efficiency within industries are instrumental in fostering industrial structural transformation.Specifically,the enhancements in the level of innovation or R&D efficiency within the agricultural sector hasten its transition toward the manufacturing sector,while such enhancement within the manufacturing sector expedites its transition toward the service sector.However,such enhancements within the service sector tend to decelerate the transition from manufacturing to service.In light of this,it is essential to harness technological innovation to enhance the level of innovation and R&D efficiency in industries to facilitate the transition of traditional industries into high-value-added and emerging ones.Meanwhile,tailored technological innovation strategies should be implemented to boost a balanced industrial structural transformation within industries.