Based on Joseph Schumpeter’s theory of“creative destruction,”we constructed a multi-sectoral endogenous growth model that integrates the agriculture,manufacturing,and service sectors.Employing numerical simulation,...Based on Joseph Schumpeter’s theory of“creative destruction,”we constructed a multi-sectoral endogenous growth model that integrates the agriculture,manufacturing,and service sectors.Employing numerical simulation,we investigated the dynamic influence of technological innovation on the industrial structural transformation in two key aspects:the level of innovation and the research and development(R&D)efficiency within industries.Our findings indicate that technological innovation plays a pivotal role in advancing industrial structural transformation.Enhancements in both the level of innovation and R&D efficiency within industries are instrumental in fostering industrial structural transformation.Specifically,the enhancements in the level of innovation or R&D efficiency within the agricultural sector hasten its transition toward the manufacturing sector,while such enhancement within the manufacturing sector expedites its transition toward the service sector.However,such enhancements within the service sector tend to decelerate the transition from manufacturing to service.In light of this,it is essential to harness technological innovation to enhance the level of innovation and R&D efficiency in industries to facilitate the transition of traditional industries into high-value-added and emerging ones.Meanwhile,tailored technological innovation strategies should be implemented to boost a balanced industrial structural transformation within industries.展开更多
In this paper,we assess the role of investment in research and development(R&D)and economic policy uncertainty(EPU)in Sri Lanka’s economic growth experience.We do this by first determining which endogenous growth...In this paper,we assess the role of investment in research and development(R&D)and economic policy uncertainty(EPU)in Sri Lanka’s economic growth experience.We do this by first determining which endogenous growth theories best explain the evolution of total factor productivity(TFP)in the country.Using historical time series data(1980–2018),we find that semi-endogenous growth theories best explain the evolution of TFP in Sri Lanka.This evidence suggests that R&D is critical to the country’s TFP expansion.We find that,through R&D,EPU has a crucial detrimental impact on TFP growth,although it is short-lived.Our findings are robust and have important implications for R&D investment and for moderating EPU.展开更多
基金supported by the project of the National Social Science Foundation of China entitled“Research on the Mechanism of Deep Integration of Modern Services Industry and Advanced Manufacturing Industry Driven by Digital Technology Innovation”(Project No.21BJY144).
文摘Based on Joseph Schumpeter’s theory of“creative destruction,”we constructed a multi-sectoral endogenous growth model that integrates the agriculture,manufacturing,and service sectors.Employing numerical simulation,we investigated the dynamic influence of technological innovation on the industrial structural transformation in two key aspects:the level of innovation and the research and development(R&D)efficiency within industries.Our findings indicate that technological innovation plays a pivotal role in advancing industrial structural transformation.Enhancements in both the level of innovation and R&D efficiency within industries are instrumental in fostering industrial structural transformation.Specifically,the enhancements in the level of innovation or R&D efficiency within the agricultural sector hasten its transition toward the manufacturing sector,while such enhancement within the manufacturing sector expedites its transition toward the service sector.However,such enhancements within the service sector tend to decelerate the transition from manufacturing to service.In light of this,it is essential to harness technological innovation to enhance the level of innovation and R&D efficiency in industries to facilitate the transition of traditional industries into high-value-added and emerging ones.Meanwhile,tailored technological innovation strategies should be implemented to boost a balanced industrial structural transformation within industries.
文摘In this paper,we assess the role of investment in research and development(R&D)and economic policy uncertainty(EPU)in Sri Lanka’s economic growth experience.We do this by first determining which endogenous growth theories best explain the evolution of total factor productivity(TFP)in the country.Using historical time series data(1980–2018),we find that semi-endogenous growth theories best explain the evolution of TFP in Sri Lanka.This evidence suggests that R&D is critical to the country’s TFP expansion.We find that,through R&D,EPU has a crucial detrimental impact on TFP growth,although it is short-lived.Our findings are robust and have important implications for R&D investment and for moderating EPU.
