| Coinciding with the tenth anniversary of the outbreak of the international financial crisis in 2008,the haze of the financial crisis has not yet dispersed.The financial crisis has undermined the growth momentum of the world economy.The growth rate of the world economy has plummeted and the new driving force for self-sustaining growth has not yet been formed.Under such a complex and ever-changing economic environment,technological innovation is becoming a new advantage for countries to enhance their international competitiveness.The ever-changing world economic environment requires China to rely more on innovation to drive development.The 19 th National Congress of the Party emphasized the “adherence to the new development concept” and emphasized that “development is the basis and key to solving all problems in our country.” General Secretary Xi Jinping pointed out in the report of the 19 th National Congress,“Our country's economy has shifted from a high-speed growth stage to a high-quality development stage;China's major contradictions have turned into a contradiction between the people's growing good living needs and unbalanced development.” In his government work report this year,Prime Minister Li Keqiang emphasized that deep integration of science,technology and economy in the current environment requires the integration of science and technology and economic development.Surrounded by innovation,high quality and integrated development,China will stride towards new directions and new trends.Technology is the primary productive force,and finance is the first driving force.Financial innovation has promoted the development of scientific and technological innovation,and the diffusion of scientific and technological progress has released the vitality of financial capital.The integration of technology and finance has become a new kinetic energy that leads economic growth.Through the study,comprehension,and practice of the 19 th Congress report and government work reports,the author believes that the high-quality,integrated development in the field of science and technology finance is a coupled development with a double helix.Based on cross-scientific theories,methods,and models such as science and technology finance,spiral systems,capacity coupling,and other economics,management science,structural biology,ecology,and physics,the paper empirically studies the double helix innovation system of science and technology finance coupling development in Beijing.This paper clarifies the “technical-financial” nature of science and technology finance.Science and technology finance is the coupling of scientific and technological innovation and financial innovation.It is a new “technology-finance” system coupling paradigm.It is an innovative system activity that transforms scientific knowledge and technology patents by the operation of financial capital into commercial value through the four innovative subsystems of government,enterprises,research,and finance,thereby realizing the wealth creation of science and technology and the value-added process of financial capital.Based on the spiral historical evolution of technology finance,and on the methodology of set theory,it is concluded that technological finance should be a helix system model.In view of the theory of structural biology,the paper first established a helix architecture model of a scientific and technological financial double helix innovation system based on the double helix structure of DNA.The helix structure of science and technology financial double helix innovation system includes: two “nucleotide chains” of scientific and technological innovation and financial innovation,four “base” subsystems of government,enterprise,research,and finance,and “hydrogen bond” elements.Based on the thinking of the minaret strategy,the triple helix stacking innovation,and the PDSA cycle theory,the paper explains the spiral power of the spiral development of the system.Boston Matrix contributes to the coupling domain of the double helix innovation system of science and technology finance was determined,and the coupling cause of the system by capital,risk,and policy.The coupling development of science and technology financial double helix innovation system has both internal and external causes.The internal cause is mainly reflected in the coupling based on “capital increase” and “capital supply and demand”;the external cause is mainly reflected in the coupling based on “risk aversion” and “policy guidance”.Beside,system dynamics and Vensim software leads to the coupling causal path of the double helix innovation system of science and technology finance.Finally,the self-organizing mechanism,cooperative cooperation mechanism and dynamic balance conditions of the double helix innovation system of science and technology finance were clarified.The results show that: there must be certain differences between the “base” systems with competing relationships;a collaborative innovation network must be formed between “base” systems with symbiotic relationships;the embedded nature of “base” systems with predatory relationships should not be too large.It is necessary to maintain the openness of the double-helix innovation system of science and technology finance,and identify the original risks of science and technology finance and the added risk of system coupling.First,based on the theory of synergy,and the order parameters as a result of analyzing double helix innovation system of science and technology finance,a comprehensive evaluation index system of GERF coupled with the development of the double helix innovation system of science and technology was established for the first time.After extensive data review,internship research and repeated screening and comparison,the most representative 54 indicators were selected,including 11 indicators for government and financial subsystems,and 16 indicators for enterprises and research subsystems.Second,a coupled development degree evaluation model of the scientific and technological financial double helix innovation system was established for the first time attributed to the capacity coupling model of physics.The coupled development degree evaluation model comprehensively considers the degree of coupling between the “base” subsystems and the degree of cohesion of the “base” subsystem itself.Third,according to the evaluation standard of the coupling development degree,the coupling development degree of the double helix innovation system of science and technology finance is divided into four stages,and a prediction model of coupling development degree is established by means of BP neural network.By means of analyzing the status and cases of the coupled development of science and technology in Beijing,and using MATLAB programming,the paper evaluates the coupling development of the double helix innovation system based on the coupled development degree model established in Beijing.Meanwhile,with the help of the results evaluated by EViews software,this paper performs the impulse response analysis and VAR variance decomposition.Finally,the degree of coupling development was forecasted based on the BP neural network model.The impulse response of the coupling degree of the four subsystems of science and technology financial double helix innovation system in Beijing showed positive fluctuations in the response period.In the 10 th forecast period,the order degree of government,enterprises,research,and financial subsystems can explain 5.04%,5.32%,12.74%,and 49.50% of the fluctuation in the coupling development of the science and technology financial double helix innovation system in Beijing.The coupling development of the Beijing scientific and technological financial double helix innovation system was generally rising during the period of 2006-2016,roughly undergone three stages of low coupling,antagonism and running-in phase,and was affected by the year 2008.The impact of the financial crisis(with a lag period of 2 years),the degree of coupling development began to decline slightly in 2010,and it is predicted that the system will reach a highly coupled development state by 2020.According to Newton's second law of physics,the operational model of the double helix innovation system of science and technology finance was constructed.Based on the hypothesis of the operating law,the operation mechanism of the double helix innovation system of science and technology finance in Beijing was empirically analyzed.Among them,the central driving force of government financial science and technology investment will help promote the coupling development of the double helix innovation system of science and technology finance.The financial capital has played an accelerating role in the coupling development of the double helix innovation system.Scientific research patents act as a good intermediary role in the coupling development of the science and technology financial double helix innovation system.Using the nonlinear programming method and the coupled model based on the coupling degree of development,the coupling development degree of scientific and technological financial double helix innovation system in Beijing was adjusted in 2019.The time-delay cycle of the coupled development control of scientific and technological financial double helix innovation system in Beijing is two years,when the adjusted target year of coupling development is 2019,it should be adjusted from 2017 onwards,and the control target area was solved.Finally,aiming at the coupling development of scientific and technological financial double helix innovation system in Beijing,the paper propses the path selection of system coupling development,and the policy recommendations of system coupling development based on the research results.The coupled development of the science and technology financial double helix innovation system in Beijing has the following problems: reduced financial support,insufficient guidance by state-owned capital;unbalanced R&D funding structure,relatively weak basic research;low conversion of scientific and technological achievements,decline in high-tech industrialization;and narrow financing channels,science and technology financial services are not yet sound.The path choice for the coupling development of the double helix innovation system of science and technology finance in Beijing should be based on the degree of coupled development.The government-oriented coupling development path is applicable to the low coupled stage and the running-in phase;the transitional coupling development path is mainly applicable to the antagonism phase;and the market-oriented coupling development path is applicable to the running-in phase.It is worth noting that in the three different phases of the coupling development of scientific and technological financial double helix innovation system in Beijing,the government-oriented coupling path is a “U” type extension,and in the running-in phase,it is necessary to pay attention to the coordinated development role of the government and the market.The proposals for the coupling development of the scientific and technological financial double helix innovation system in Beijing include: sound scientific and financial laws and regulations,improve financial support for science and technology;exert fiscal and financial effects,establish a government-guided fund;innovate financial product types,play a role in market allocation;pay attention to the transformation of scientific and technological achievements and the development of multi-subject industrialization;set up a scientific and technological financial platform,and improve the technological and financial services.The study of the paper provides new theoretical insights and empirical evidence for the following purposes: to implement the national innovation-driven development strategy in Beijing,to fully promote the construction of the nation's science and technology innovation center,to accelerate the construction of a sophisticated economic structure,to promote the construction of “three cities and one district” at a high level,to establish an open and integrated technological innovation mechanism,and to steadily improve the ability of scientific and technological innovation and the quality of economic development. |
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