Research On The Impact Of Technological Innovation On China’s Economic Growth

With the rapid development of technological innovation,the achievements of technological innovation have far-reaching and wideranging impact on human social life.Under the circumstance of weak global economic growth and frequent international trade disputes,it has become the focus of scholars’ attention to find the intrinsic driving force of sustained and stable economic growth.The impact of technological innovation and development on economic growth is profound,In the analysis of the impact of technological innovation on economic growth,western economic schools have made extensive achievements,but the research based on Marxist economic theory has not yet formed a complete system.Although scholars have made some progress,there are some limitations in research methods and perspectives.Although Marx did not explicitly put forward the theory of the impact of technological innovation on economic growth,the analysis of Marx’s theory of social expansion reproduction has involved economic growth and technological innovation,and technological innovation plays an important role in the analysis of Marx’s economic growth model.Therefore,it has important theoretical and practical significance to systematically sort out the mechanism and path of technological innovation to economic growth by analyzing Marx’s economic growth theory.Based on the detailed introduction of Marx’s economic growth theory,this paper uses the method of literature analysis,mathematical analysis and empirical analysis.By analyzing the inherent mechanism of Marx’s economic growth theory,this paper clarifies the influencing factors of economic growth,and then reveals the inherent logical relationship between technological innovation and economic growth by analyzing the dynamic relationship between technological innovation and various influencing factors,so as to establish a theoretical framework for the study of technological innovation and economic growth.Based on the theory of expanded reproduction and the analysis of capital accumulation,this paper analyses the impact and effect of technological innovation on economic growth from the change of commodity value in the process of expanded reproduction.On the basis of analyzing the internal mechanism of technological innovation affecting economic growth,and drawing lessons from the previous Marxist economic growth model,this paper constructs a Marxist economic growth model with the influence of technological innovation,and clarifies the extent of the impact of technological innovation on economic growth.The paper is divided into five chapters,The first chapter is the introduction,which mainly elaborates the background and significance of the study,the basic ideas of the study and the choice of research methods,and clarifies the shortcomings of this study in view of the research situation.The second chapter defines the relevant concepts,explains Marx’s economic growth theory and principle,and introduces three kinds of economic growth models based on Marx’s extended reproduction theory.In the third chapter,on the basis of expanding reproduction theory,analyzes the role path of technological innovation in promoting economic growth.Technological innovation expands capital accumulation by improving the organic composition of capital,labor productivity and surplus value rate,so as to increase the production of surplus value.The increase of capital accumulation will increase the scale of expanded reproduction and promote economic growth.In addition,this chapter calculates the changes of capital accumulation and economic growth rate under the condition of technological innovation in detail,and deduces the economic growth model with the influence of technological innovation on this basis.The fourth chapter introduces the current situation of the development of China’s technology innovation and the status quo,on the basis of economic development is derived based on the economic growth model to build regression analysis model,the empirical analysis of technological innovation’s influence on China’s economic growth.The analysis results show that the surplus value rate and labor productivity are positively correlated with the economic growth rate,and the organic composition of capital is negatively correlated with the economic growth rate.The analysis results show that the surplus value rate and labor productivity are positively correlated with the economic growth rate,and the organic composition of capital is negatively correlated with the economic growth rate.However,since the improvement of organic capital composition is one of the main reasons for the improvement of labor productivity,there is both a positive and negative correlation between the change of organic capital composition and the economic growth rate,but the positive effect of organic capital composition on economic growth is greater.In the fifth chapter,according to the results of empirical analysis,we put forward three countermeasures and suggestions to realize technological innovation and promote sustained economic growth.