E3S Web Conf.
Volume 236, 20213rd International Conference on Energy Resources and Sustainable Development (ICERSD 2020)
|Number of page(s)||5|
|Section||Sustainable Development and Prevention of Urban Environmental Pollution|
|Published online||09 February 2021|
Innovation investment and sustainable development
1 Zhejiang University of Technology, 310023 Hangzhou, China
2 Zhejiang University of Finance and Economics, 310023 Hangzhou, China
3 Henan University of Animal Husbandry and Economy, 450000 Zhengzhou, China
Innovation and technological progress are essential approaches to sustainable growth, but what will affect enterprises’ innovating motivation hasn’t been thoroughly analyzed. We establish an endogenous growth model to analyze the factors that influence an enterprise’s innovation investment, and find that the cumulative technology plays a key role: the more cumulative technology an enterprise has, the more its R&D investment will be. Empirical researches confirm the theoretical conclusions. Our study provides suggestions for policies to promote technological progress and sustainable development.
© The Authors, published by EDP Sciences 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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