The GDP innovation relationship in China and its role in the consolidation of its new economic growth model in the third decade of the 21st century.
Abstract
This study examines innovation as a driver of economic growth in China in the 21st century. Through econometric analysis, incorporating key variables such as R&D investment, capital formation, and education, generalized li- near models and ordinary least squares were evaluated. Results show that investment in R&D and gross capital formation are critical factors for sustai- nable growth in China, aligning with its internal market strategy and dual circulation policy. The study concludes that China’s innovation policy dri- ves its long-term growth, marking its transition toward a high-value-added economy with reduced reliance on foreign trade.
Keywords
Innovation, economy, diversification, deficit, GVCs, strategic trade
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