The Interaction Mechanism Of Scientific And Technological Progress, Financial Development And Economic Growth Of Chuanyu Region

Economic growth has always been the focus of economics, technological progress is the source of economic growth, the finance is the blood of the modern economy, both of them together constitute the driving force of economic growth. This paper tries to figure out the interaction mechanism of scientific and technological progress, financial development and economic growth.And theory research, the present situation research and empirical research of this paper will provide relevant theory and empirical basis for chuanyu region’s economic development and industrial structure adjustment.First this article discusses literature review of related research at home and abroad,which figure out the interaction mechanism of scientific and technological progress,financial development and economic growth, and provide relevant theory and empirical basis for this article research of chuanyu region’s the interaction mechanism of scientific and technological progress, financial development and economic growth. This paper analyzes the interaction mechanism of scientific and technological progress, financial development and economic growth through collecting the data of chuanyu region, known economic growth is heavily dependent on investment and labor input, the role of scientific and technological progress and financial development to economic growth is very small. So in this paper, based on C-D function, builds the endogenous growth model which contains the financial sector, to analyze chuanyu region’s the interaction mechanism of scientific and technological progress, financial development and economic growth. It shares that: chuanyu region’s economic growth relies mainly on investment and labor input, the contribution rate of scientific and technological progress to economic growth is low, financial development are the obvious role in promoting scientific and technological progress, scientific and technological progress to the financial development effect is not obvious, financial development rely mainly on economic growth.Based on the theoretical analysis, the present situation analysis and the results of empirical analysis, this paper put forward reasonable policy suggestions from the perspective of optimization of industrial structure, improving the efficiency of transformation of scientific and technological achievements, and promoting financial development and the scientific and technological progress of chuanyu region.