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Measurement and Evalution of the Correlation between Innovation and Economic Growth: Empirical Analysis Based on Innovation Index and GDP Growth Rate

Author(s)

Aihua Song*

Affiliation(s)

Changzhou College of Information Technology, Changzhou, Jiangsu, China * Corresponding Author.

Abstract

The correlation between innovation and economic growth has always been the focus of academic research. By using EViews, SPSS, and SPSSPRO software to conduct correlation analysis, cointegration test, Granger causality test, and coupling relationship evaluation on the innovation index and GDP growth rate. It shows that the two are significantly correlated. In the long run, they maintain a degree of interaction, and innovation drives GDP growth, and GDP growth supports innovation. As long as the innovation-driven strategy is continuously promoted and thoroughly implemented, the coupling coordination between economic growth and innovation will become better and better. China's GDP and GDP growth rate will show a stable and coordinated growth trend. Therefore, we should continue to promote innovation, reasonable economic growth expectations, and actively strengthen macro-control to ensure stability and promote development.

Keywords

Innovation Index; GDP Growth Rate; Cointegration Test; Granger Causality Test; Coupling Relationship Evaluation

References

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