Technological Innovation Drives Economic Growth:An Empirical Study Based on Patent Licensing and Regional Disparity
Patents,as a critical safeguard for technological innovation and the commercialization of its a-chievements,play a pivotal role in driving economic development and enhancing national competitive-ness.This paper employs empirical analysis to explore the impact of technological innovation on China's economic growth.Our findings indicate that the total number of patents granted significantly boosts real GDP per capita,underscoring the crucial role of technological innovation in China's economic ad-vancement.A mechanism test reveals that technological innovation fosters economic growth by facilita-ting the development of market intermediary organizations and improving the legal institutional envi-ronment.Moreover,further analysis highlights that different types of patents have varying effects on economic growth.Specifically,utility model patents contribute the most to economic growth,followed by invention patents and,lastly,design patents.Additionally,regional heterogeneity analysis shows that technological innovation's impact on economic growth is markedly greater in the eastern region compared to the central and western regions.Based on these findings,policy recommendations are pro-posed to further enhance the role of technological innovation in economic development.
Quantity of Patent GrantedEconomic GrowthPanel Data ModelReal GDP Per Capita
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