TITLE:
A Study of the Distribution between Each Province about China Style Innovation
AUTHORS:
Takanori Minamikawa
KEYWORDS:
AD-AS Model, Chinese Economy, Innovation
JOURNAL NAME:
Theoretical Economics Letters,
Vol.9 No.5,
May
31,
2019
ABSTRACT: Since publishing its “National Mid- and Long-Term
Science Technology Development Plan” in 2006, China has continued to publicly
recognize the importance of innovation. The present study aims to both index
and evaluate the progress of innovation within all the provinces of China,
including provincial cities and autonomous regions (province hereafter).
Innovation, as defined in this study, encompassed not only the development of
previously unseen cutting-edge technology, but also the technical improvement
or introduction of methods which lead to increased production and market
expansion. This paper examines the distribution of innovation achieved in
Chinese provinces utilizing the Aggregate Demand-Aggregate Supply model, and moreover,
considers the intensive area of innovation occurrence. In existing literature,
such innovation is recognized as the China Style Innovation; however, as the
methodology of this study provides information relative to effective innovation,
meaning the innovation with market expansion for objective area, it can be
applied to nations other than China.