Research on the Impact of Innovation Drivers on the Quality of Economic Growth in China

The quality of economic growth is a prominent issue in the process of economic growth worldwide. This paper builds relevant econometric models and uses the provincial panel data from 2003 to 2015 to analyze the impact of innovation drivers on China's economic growth. The empirical results show that technological innovation and institutional innovation have a significant role in promoting the quality of China's economic growth, and the effect of institutional innovation is stronger than technological innovation. In terms of regions, the innovation driver has the greatest contribution to the quality of economic growth in the eastern region of China, with the western and central parts ranked second and third. However, the role of institutional innovation in the eastern region is prominent, and the role of technological innovation is weak. Only institutional innovation in the central region has a significant role in promoting the quality of economic growth. Only technological innovation in the western region has a positive effect on the quality of economic growth, and the impact is weak. The regional differences in the impact of innovation-driven economic growth are obvious.