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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

The Impact of Technological Innovation on Industrial Structure Adjustment and Regional Economic Growth from the Perspective of Applied Economics

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DOI: 10.25236/icemeet.2024.061

Author(s)

Yuan Leran

Corresponding Author

Yuan Leran

Abstract

Under the background of intensified global competition and rapid growth of sci & tech, this article deeply discusses the core role of technological innovation in promoting industrial structure adjustment and regional economic growth, aiming at revealing how technological innovation has become the key driving force to promote high-quality economic growth. Firstly, this article constructs the theoretical framework of technological innovation, industrial structure adjustment and regional economic growth, and defines the definition and classification of technological innovation and its importance to economic structure optimization. Subsequently, through a detailed analysis of the direct and indirect effects of technological innovation on regional economic growth, this article reveals the positive role of technological innovation in improving production efficiency, creating new markets, promoting knowledge spillover and industrial upgrading. Although technological innovation is an important force to promote economic growth, its function is influenced by many factors and needs the joint efforts of the government, enterprises and all walks of life. Based on this, this article puts forward a series of policy suggestions, including increasing investment in innovation, improving the mechanism of achievement transformation and formulating scientific industrial and regional policies, aiming at building a good environment conducive to technological innovation and economic growth.

Keywords

Technological innovation; Adjustment of industrial structure; Regional economic growth; Policy-making