In the late-developing areas, it is very important to realize the strategic choice of high-input and low-output traditional economic growth mode, which is based on knowledge spillovers and endogenous economic growth. Based on the domestic and international review and basic assumptions, this paper introduces the differences of input generation efficiency based on the cost difference between the original innovation and the simulation innovation in the technology and market drive, and establishes a theoretical modal where the original innovation drives the economic endogenous growth. The econometric methods of economic growth in the Pearl River Delta region are analyzed. The theoretical and empirical results show that: 1) The endogenous growth of a regional economy depends not only on factors such as knowledge spillovers and technological advances, but also on the efficiency of innovation input and output; 2) When the technological differences between underdeveloped regions and developed regions are reduced to a certain extent, it is crucial to adopt what kind of innovation model to improve innovation efficiency and avoid falling into the trap of economic “non-convergence” growth; 3) Imitation innovation has a significant impact on the transformation of economic growth mode in the Pearl River Delta region. Capital investment has a positive impact on the optimization of industrial structure, but capital investment and labor input have negative impact on the international competitiveness of the industry, indicating that the endogenous driving force of economic growth is mainly imitative innovation or factor-driven rather than original innovation in the Pearl River Delta region. The preliminary research of this paper helps domestic regions grasp the choice of original innovation strategy, which has certain guiding significance for the transformation practice of economic growth momentum in the new normal of China’s economy.
CHEN En, LIU Jing.
An Empirical Analysis of the Influence of Original Innovation on the Transformation of Economic Growth Mode in the Pearl River Delta. Jinan Journal. 2018, 40(10): 115-132