Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 33 , 10 November 2023
Open
Access | Article
Impact of China's Import and Export Trade on Innovation
* Author to whom correspondence should be addressed.
Abstract
Import and export trade is a very important economic indicator in a country's economic development, and science and technology innovation is a necessary journey for China to move from rapid economic development to high quality development. Import and export trade can lead to technology transfer, so changes in import and export trade can affect science and technology innovation to a certain extent, and innovation can also affect the production of products, thus affecting the import and export trade of a country. By collecting China's foreign trade and scientific and technological innovation input-output from 2003 to 2022, and comparing the trends of export products, scientific and technological innovation input-output, and trade dependence, the study found that due to its low position in the international value chain, China's R&D investment has relatively little impact on the value of export products. The structure of China's research and development investment is not reasonable, which leads to the slow growth of exports. China's import trade dependence is relatively high, which may give rise to risks. Accordingly, this paper advocates that China should attract foreign investment to promote innovation capabilities. Changing the structure of R&D investment to promote investment conversion rate. And expanding domestic demand to achieve sustainable economic growth.
Keywords
technological innovation, imports and exports, trade dependence, innovation investment
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-087-5
- ISBN (Online)
- 978-1-83558-088-2
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/33/20231648
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited