Technology, Production, and Socio-Economic Indicators at the Macro Level: A Statistical Analysis of the Chinese Regions

Yanqing Jiang, Chunyang Wan

Abstract


This study contains a statistical analysis exploring the interrelationships between technology, production and various socio-economic variables in the context of China’s regional macroeconomy. We focus on empirically examining how technology at the macro level is interrelated to production, output, and various macro-level socio-economic indicators. Our statistical analysis shows that a higher level of technology is always associated with socio-economically desirable outcomes on the various chosen macro-level indicators. However, the causality may run bi-directionally. Our empirical results also show that even after the partial effects of all the other macro-level variables are netted out, that is, even when the indirect effects of technology are not considered, the remaining direct effect of technology is still shown to play a very crucial role in determining labor productivity in the production process at the macro level.

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DOI: https://doi.org/10.11114/set.v1i2.452

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Studies in Engineering and Technology   ISSN 2330-2038 (Print)   ISSN 2330-2046 (Online)

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