Research on the impact mechanism of scientific and technological innovation on the high-quality development of the marine economy

Abstract

Promoting the high-quality development of the marine economy is an inevitable choice for building a maritime power, and technological innovation can provide strong impetus for the high-quality development of the marine economy. Therefore, it is urgent to clarify the impact mechanism of technological innovation on the high-quality development of the marine economy, and promote the high-quality development of the marine economy. This study employs panel data from 11 coastal provinces and municipalities (autonomous regions) in China, spanning the years 2006 to 2020. The objective is to empirically evaluate the mechanism through which scientific and technical innovation impacts the high-quality development of the marine economy. This is achieved by utilizing the PVAR model and the mediation effect model. The research findings indicate that there is a noteworthy impact of enhancing scientific and technological innovation on the marine economy of China. Moreover, there exists a significant reciprocal relationship between scientific and technological innovation and the pursuit of high-quality development in the marine economy. It is observed that scientific and technological innovation not only has a positive influence on the high-quality development of the marine economy by enhancing green total factor productivity and optimizing the industrial structure, but it also facilitates the advancement of the marine economy through the chain mediation path of “improving green total factor productivity and optimizing industrial structure”.