Research on the Influence of Scientific and Technological Innovation on the Development of the Commercial Circulation Industry under the New Development Pattern

Under the new development pattern, innovation-driven is the fundamental driving force for promoting the development of commercial circulation, but the level of innovation and the development level of commercial circulation of different regions are different. Therefore, it is worth exploring whether there are regional differences in the influence of the level of scientific and technological innovation on the development of the commercial circulation industry. Based on the provincial panel data, this paper studies the impact of scientific and technological innovation on commercial circulation and regional differences. Studies have shown that, on the whole, scientific and technological innovation has a significant role in promoting the development of the commercial circulation industry. In terms of regions, scientific and technological innovation in the western, central, and eastern regions also has significant positive impacts on the development of the commercial circulation industry, but its impact on the commercial circulation industry in the northeast region is not significant. Finally, it puts forward relevant suggestions such as promoting the integration of production, education, and research, strengthening government support, and promoting international scientific and technological cooperation.