Advances in Economics, Management and Political Sciences

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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

Jiayu Kang 1 , Yifei Wang * 2
1 Shanghai University of International Business and Economics
2 University of California Irvine

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 33, 132-141
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
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.
Citation Jiayu Kang, Yifei Wang. Impact of China's Import and Export Trade on Innovation. AEMPS (2023) Vol. 33: 132-141. DOI: 10.54254/2754-1169/33/20231648.

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
© 2023 The Author(s)
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated