The Coordinated Development of Industry, Academia and Research and China's Economic Growth: Theory and Empirical Evidence

Abstract

This article takes the coordinated development of industry, academia and research as the entry point and systematically analyzes its impact on China's economic growth. By sorting out the relationship between industry-university-research collaboration and economic growth, a relevant theoretical analysis framework was constructed. Based on the panel data of 30 provinces in China from 2009 to 2022, this article empirically examines and analyzes the specific role and influence path of industry-university-research collaboration on economic growth by using the entropy weight method and the coupled coordination model. The results of the empirical analysis show that the coordinated development of industry, academia and research can effectively promote China's economic growth, and its influence is significantly regulated by the development level of the technology market and the government's investment level in science and technology. He heterogeneity analysis results of the eastern, central and western regions show that the synergy among industry, academia and research has the most obvious promoting effect on economic growth in the central region, followed by the eastern region, while the effect in the western region is not significant. The differences among the three regions are obvious and there is an urgent need for precise policy support. Based on this, this article puts forward relevant policy suggestions for promoting the coordinated development of industry, academia and research, including strengthening government policy support, improving the construction of the technology market, and implementing the regional differentiation strategy, etc. This study expands the analytical perspective on the relationship between industry-university-research collaboration and economic growth, providing new empirical evidence and policy implications for promoting high-quality economic development in China.