An Analysis of the Correlation between the Investment of Scientific Research Funds and the Progress of Regional Science and Technology

Abstract

The progress of regional science and technology is a decisive factor in promoting regional economic and social development, which contributes to regional economic growth. As an essential part of the science and technology innovation system, universities in ethnic regions play a vital role in promoting regional scientific and technological progress. Based on the panel data in Guangxi province from 2000 to 2016, this paper studies the impact of investment in scientific research in universities in ethnic region on the progress of regional science and technology in Guangxi, compare with the data of scientific research inputs that are not from scientific research institutions during the same period. The research finds that universities in ethnic areas invest less in scientific research, but their contribution rate to regional technological progress is higher than that of non university scientific research institutions in the same period; The results of the measurement model shows that every 1% increase in investment in scientific research in universities can promote the scientific and technological progress in Guangxi by 0.324%, so there is a strong positive correlation between the economic investment of universities in ethnic areas and regional scientific and technological progress.