Research On The Driving Mechanism Of Innovation-Driven Development In The Western Region

After the two rounds of western development,the economic and social outlook of the western region has undergone earth-shaking changes,and the people’s living standards have also been greatly improved.However,the gap between the east and the west is still large,and there are still many difficulties in the coordinated development of the east and the west.The task of catching up in the west is still very high.Heavy.In May 2020,the Central Committee of the Communist Party of China and the State Council issued the "Guiding Opinions on Promoting the Development of the Western Region in the New Era and Forming a New Pattern",which brings a major opportunity for accelerating the development of the western region in the new era.Basically follow the regional gap.Strengthening measures to promote the formation of a new pattern for the development of the western region is a major decision of the Party Central Committee and the State Council to implement the regional coordinated development strategy based on my country’s development reality.The important task of the times that must be accomplished in my country’s modernization drive.In this sense,accelerating the innovation-driven development of the western region is the key to narrowing the gap between the east and the west in the new era.To achieve the goal of coordinated development between the east and the west in the future,we must rely on innovation.Establishing and continuously improving the innovation-driven development power mechanism of the western region is the key to improving the innovation capability of the western region,and is of great significance to accelerating the high-quality economic development of the western region.The main purpose of the article’s research is to build a dynamic mechanism of innovation-driven development in the western region,and put forward countermeasures and suggestions for accelerating the innovation-driven development in the western region.To this end,the article first analyzes the mechanism of innovation-driven economic development,and then summarizes the current situation of innovation-driven development in the western region,and uses principal component analysis to evaluate the current level of innovation-driven development in the western region,and studies the innovation-driven development and development of the western region.The gaps in the eastern region and the gaps between provinces in the western region should identify the key factors restricting the innovation-driven development of the western region.Using fixed effects model,random effects model,variable coefficient model,panel data IV estimation,dynamic panel first-order difference GMM model and other methods again,study the promotion effect of institutional innovation,technological innovation,and financial innovation on the economic development of the western region,and promote the development of the eastern region.Compare regions and central regions.The study found that the three types of innovation alone,pairwise,and three types of innovation can significantly promote the economic development of the western region.Therefore,the three types of innovation are the main driving force for innovation-driven development in the western region.Finally,empirical methods such as fixed effects model,random effects model,variable coefficient model,dynamic panel first-order difference GMM model are used to study the promotion of institutional innovation and financial innovation on technological innovation,and the different effects on the quality and quantity of technological innovation.As well as the regional differences in the eastern,central and western regions,the western region’s institutional advantages will be fully utilized,the frontier technology will break through the bottleneck,and the financial system will provide financial support for institutional innovation,technological innovation,and financial innovation.The core of the power mechanism is financial innovation and institutional innovation to promote technological innovation in the western region,and technological innovation to promote economic development in the western region.The article carries out the research in the logical sequence of basic theory-current situation analysis-empirical analysis-countermeasures and suggestions,closely following the theme of the innovation-driven development power mechanism in the western region,using principal component analysis,fixed effects model,random effect model,variable coefficient model and The dynamic panel first-order difference GMM model and other empirical analysis methods are used for empirical research.At the same time,the literature analysis method and comparative analysis method are used for qualitative research.The qualitative and quantitative analysis methods of the whole article are combined to ensure the comprehensiveness and credibility of the analysis..The article draws the following basic conclusions through research:First,the innovation capacity of the western region is generally on the rise,but there is a large gap between the innovation-driven development of the eastern region,and there are also large gaps in the provinces within the western region,which urgently need to be constructed and continuously improved.Innovation-driven development motivation mechanism improves innovation capabilities.The second is that institutional innovation,technological innovation,and financial innovation,as well as their two-to-two and three-to-two interactions,have a significant positive role in promoting the economic development of the western region.That is to say,the three types of innovations promote the economic development of the western region.power.The third is that institutional innovation,financial innovation and their interaction have a significant role in promoting technological innovation in the western region,but their role in promoting the quantity of technological innovation is significantly greater than their role in promoting the quality of technological innovation.Therefore,the innovation drive in the western region constructed in the article The core of the development motivation mechanism is financial innovation and institutional innovation to promote technological innovation in the western region,technological innovation promotes economic development in the western region,and the core of improving the innovation-driven development motivation mechanism in the western region is to enhance the synergy of institutional innovation and financial innovation in the western region,and improve technology Innovation quality.The innovations of the article are as follows:First,from the perspective of the coordinated development of institutional innovation,technological innovation,and financial innovation,it studies the mechanism of innovation that promotes economic development in the western region.The second is based on the 12 provinces(autonomous regions and municipalities)of the western region as the research object.The research is conducted not only from the western region as a whole,but also from different provinces,focusing on both the commonality of the western region and the analysis of the internal differences in the western region.The third is to build a mechanism for innovation-driven development in the western region in which system innovation,technological innovation,and financial innovation are coordinated.