| The arrival of the “new normal” of China’s economic development requires a higher level of economic development.The important content of endogenous economic growth theory is the driving force of economic growth,which is represented by technological progress.In addition,the ability of scientific and technological innovation has gradually become an important indicator to measure the comprehensive strength of a country.Generally,R&D investment is used to measure the level of scientific and technological innovation,and the interactive relationship between R&D investment and economic growth has become a hot topic.Since G60 Science&Technology Innovation Valley was put into construction,it has brought about a particularly rapid economic development.If we want to realize the sustainable growth and high-quality development of G60 Science&Technology Innovation Valley urban agglomeration,we should put higher demand for innovation-driven development.However,there is little research on the economic development of G60 Science&Technology Innovation Valley in China.Under this background,this paper will take nine cities in G60 Science&Technology Innovation Valley as the research object.Firstly,the author sorts out the literature,discusses the connotation and characteristics of R&D,and discusses the related theories of endogenous economic growth.Then,according to the related data of R&D investment of nine cities in G60 Science&Technology Innovation Valley from 2010 to 2019,The present situation of economic development and R&D investment in G60 Science&Technology Innovation Valley is qualitatively analyzed from the macro level,and compared with the internationally famous innovation corridor.Secondly,based on the endogenous economic growth theory,in combination with Cobb-Douglas,the author deeply studies the relationship between R&D investment and the economic growth of G60 Science&Technology Innovation Valley urban agglomeration by establishing a panel model with fixed effect and variable coefficient,and explores the spillover effect of R&D investment on the economic growth of G60 Science&Technology Innovation Valley urban agglomeration by establishing a spatial panel model.The results show that R&D investment and R&D personnel investment have significant contributions to the economic growth of nine cities in G60 Science &Technology Innovation Valley,and have different effects on different cities,and there is a certain spillover.Finally,based on the existing problems derived from this article,relevant suggestions that the government can learn from when formulating innovation policies are put forward from the perspectives of R&D capital and personnel investment,focusing on talent training,enhancing independent innovation capabilities,strengthening inter-regional cooperation,and promoting inter-regional technology spillovers.Contribute to the efficient use of R&D resources in G60 Science & Technology Innovation Valley,and create a pioneering valley for innovative and integrated development. |
