Based On The Financial And Economic Growth Point Of View Of Science And Technology Research

Economic growth has always been one of the eternal theme of research and exploration in recent years, since "the wealth of Nations" has been published, the people study the economic growth deeper and more professionally, and began the theoretical exploration of economy for hundreds of years. In the researches, economic growth, as the main line of economy, runs through the whole economics research development history. Along with our country economy growth way transforms frequently, financial development and technological progress are increasingly important to economic growth, the paper through by summarizing the theory relationship among financial development, technological progress and economic growth, discusses Shaanxi’s some problem that finance action is not outstanding, and that the transformation rate of scientific research achievement is too low. Either financial or technical factor, their influences to economic growth should not be ignored. Finance provides the necessary financial support for the development of Shaanxi non-financial industry; Then science and technology provides technical support for that Shaanxi economy growth way changes from extensive model to intensive model. Studying Shaanxi’s relationship problems of financial development, technological progress and economic growth plays very important policy roles for the transformation of economic growth mode, because the results of the study would influence Shaanxi government to formulate strategy and program of economic development.the collected datum showed, when we analysis the situation of Shaanxi province economy, finance and science and technology development on the overall, we found that the economic growth of Shaanxi province is more dependent on scale investment, and that financial and technological factors fail to play the full role. Therefore, the paper, basing on the Cobb-Douglas production function, constructs the endogenous growth model which contains the financial sector, and detailed analysis the three theoretical relationships. According to the1994-2009relevant data, such as GDP per capita, fixed assets investment, banking, securities, insurance and R&D expenditure and so on, we use the simultaneous equation model which contains multiple equations to empirical analysis, from financial development and technological progress, to find out the reason that in Shaanxi province economy and financial development are not good enough than technology. The empirical results show that the Shaanxi province in decade economic development presents the following characteristics:technological progress is less inhibition to the economic growth, which has a negative effect on financial development; on the contrary, financial development can promote the progress of technological progress. To a certain extent, economic growth could guide and promote to financial development.Based on the empirical results, from low transformation rate of scientific research achievement and low efficiency financial support, from government departments, financial system and the technology enterprises in many perspectives, drawing lessons from the developed areas of the domestic and foreign, for Shaanxi Province, we propose the practical countermeasure proposals. The detailed countermeasures can be simply summarized as follows:first, the government formulate and issue the relevant preferential policies, and establish the social credit system for enterprises of science and technology, and guide the financial system and the science and technology enterprise’s mutual cooperation. secondly, from the financial system and the science and technology enterprises. Financial system construct comprehensive financial service system for science and technology enterprises that the core is that risk investment is main, and credit is a supplement, and perfecting the multi-level capital market and the screening mechanism of science and technology enterprises; science and technology enterprises through the main bank finance to establish a stable credit relationship, optimize the scientific research team, and pay attention to the consciousness of technology transformation. Finally, on the basis of financial system and scientific and technological enterprises cooperation, we should actively explore the new mechanism and new pattern of integrating the financial resources and technological resources from much angle and all-around.