Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/327414 
Year of Publication: 
2024
Citation: 
[Journal:] Journal of Innovation & Knowledge (JIK) [ISSN:] 2444-569X [Volume:] 9 [Issue:] 3 [Article No.:] 100511 [Year:] 2024 [Pages:] 1-14
Publisher: 
Elsevier, Amsterdam
Abstract: 
Digital technology changes the innovation mode, and the innovative factors among innovation subjects will be digitally empowered. The government plays a very important role in determining the allocation of innovative factors. Therefore, it is necessary to clarify the main source of power for the high-quality development of the manufacturing industry in the future, so as to help the government to use digital technology to adjust the innovative factors allocation appropriately. We used systematic dynamic model to portray the innovation mechanism of manufacturing industry and set relevant parameters based on previous literature to predict the variation of innovation under different scenarios. It was found that government expenditure on science and technology can significantly improve innovation performance, followed by information expenditure, while government expenditure on education needs to reach a certain scale before it can play a positive role. However, after passing a certain threshold, education has a significantly positive role in promoting innovation.Therefore, when the government adjusts the structure of expenditures, it should ensure long-term and stable education expenditure, give full play to the role of innovative factors such as talents. It should also ensure the construction and maintenance of information infrastructure, so as to enhance the industry-university-research collaborative innovation in the digital era and promote high-quality development of manufacturing industry.
Subjects: 
Digital empowerment
Innovative factors
System dynamic model
Manufacturing industry
JEL: 
A10
C53
E17
H50
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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