An Empirical Study on the Empowering Effect of Technological Innovation on the Domestic Circulation
Based on the construction of evaluation index systems for technological innovation and domestic circulation,the empowerment of domestic circulation was empirically tested by technological innovation using panel data from 30 provinces in China from 2014 to 2022(due to the lack of data,the statistical data mentioned here do not include the Tibet Autonomous Region,the Hongkong Special Administrative Region the Macao special Administrative Region and Taiwan Province).The results show that technological innovation has a significant empowering effect on unblocking the domestic circulation.From the analysis of each link,technological innovation has a significant empowering effect on the production,circulation,and consumption links,while having a negative effect on the distribution link.From the analysis of regional heterogeneity,in the eastern region,technological innovation has a significant empowering effect on economic circular development,but has not had a significant effect in other regions.Finally,countermeasures and suggestions are proposed for promoting domestic circulation from the perspectives of technological innovation,supply-demand balance,and industrial layout.