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High-quality Economic Growth under the Influence of Technological Innovation Preference in China: A Numerical Simulation from the Government Financial Perspective

机译:中国技术创新偏好影响下的高质量经济增长:政府财务视角的数值模拟

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China's economy has been transitioning from labor-driven and capital-driven at a stage of rapid growth to innovation-driven at a stage of high-quality development. In this paper, government's "technological innovation preference"(TIP) is introduced into the traditional neoclassical economic growth model which is Ramsey-Cass-Koopmans (RCK), as a factor affecting the utility of endogenous growth model with capital accumulation and technological innovation. Assumed that the government fiscal revenue is used for public and research spending, through which we can examine its impact on high-quality economic growth and transmission mechanism, as well as how TIP influences on the economy. Results indicate that the tax rates and the growth rates would be raised, while the proportion of public spending would fall if TIP enhanced by the government. Furthermore, though steady-state output level may be lower in short term, however, it may also achieve high-quality growth in long run. (C) 2020 Elsevier B.V. All rights reserved.
机译:中国经济一直从劳动力驱动和资本驱动的阶段转变为在高质量发展阶段的创新驱动的阶段。本文介绍了政府的“技术创新偏好”(TIP)(TIPE)(TIP)被引入传统的新古典经济增长模型,该模型是Ramsey-Cass-Koopmans(RCK),作为影响内源性生长模型与资本积累和技术创新的因素的因素。假设政府财政收入用于公共和研究支出,我们可以通过该研究,通过,我们可以审查其对高质量经济增长和传输机制的影响,以及提示对经济的影响。结果表明,税率和增长率将会提高,而公共支出的比例将落在政府提升的提高。此外,尽管短期内稳态输出水平可能较低,但是,它也可以长期实现高质量的增长。 (c)2020 Elsevier B.v.保留所有权利。

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