Celebrating the 40th Anniversary of the University of Macau:
SPC’s seminar on “How does Innovation drive Economic Growth?”
On April 23, 2021, Professor Yibai YANG, from the Department of Economics of the Faulty of Social Sciences, was invited to deliver a seminar talk entitled “How does innovation drive economic growth?”
Professor YANG introduced the topic by mentioning the Solow model and the Romer model, so that the participants had preliminary understanding of the differences between “objects” and “ideas”. He then explained the importance of technological innovation for industrial manufacturing. The theoretical relationship between technological innovation and economic growth was also reviewed. The seminar was summed up by introducing the technological development in the Guangdong-Hong Kong-Macao Greater Bay Area and China, as well as the future of the world economy.