Technological Innovation and High-Quality Economic Development

Linking technological innovation with high-quality economic development is a complex process. So far, there has been little academic research on the mechanism and internal law of technological innovation related to high quality economic development. After streamlining the research context of technological innovation in the deductive development of economic growth theory, this paper summarizes and extracts the core connotation of high-quality economic development from the concept of high-quality development and at micro, meso and macro dimensions. The internal law of technological innovation promoting high-quality economic development is revealed from six aspects, including total factor productivity, supply of high-quality products and services, industrial structure upgrading, consumption structure upgrading, resources and environment, and promoting social equity. This paper then puts forward policy recommendations for technological innovation promoting high-quality economic development at micro, meso and macro dimensions. Microscopically, organizations including R&D enterprises, universities and research institutes should have their creativity enhanced; mesoscopically, the levels of industrial chain, value chain and regional technological innovation growth pole should be improved; and macroscopically, China should raise its overall technology competitiveness in the world for high-quality economic development driven by technological innovation. This paper proposes six issues on technological innovation related to high-quality development that deserve in-depth discussion, including identifying the standards and boundaries of innovation, capturing the orientation of technological innovation, and raising the rate of transforming technological innovation achievements, etc.