The Empirical Study Of The Coupling Between Technological Innovation And Financial Innovation In Inner Mongolia

The Chinese manufacture of 2025 is for the Chinese government to implement the strategy of powerful country in manufacture of the first decade of the programme of action,which requires the enterprise to embrace the innovation in the product technology and channels,fulfilling the transformation and upgrading.Technological innovation and financial innovation are two significant factors to promote the development of social economy.What's more,the coupling of the two can not only improve the ability of technological innovation and improve the efficiency of capital allocation,but also is extremely meaningful to realize the sustainable development of economy.In recent years,led by the Department of Science and Technology,the Inner Mongolia Autonomous Region has implemented and put into practice the financial supporting policies to promote the development of science and technology as well as the slogan of “the effective combination to promote technology finance”,jointing with a number of departments.As the vital provinces in our country which practices the thorough implementation of the western development strategy,and one of the node cities on Grassland Silk Road in Economic Belt,in today's situation,it has huge practical significance in our real life how Inner Mongolia should change its unique geographical advantages into its economic advantages to promote scientific and technological achievements,letting them become the two major strength of pillars for the economic development,and enhancing the degree of coupling degree and coupling coordination.In this paper,taking the physical "coupling" as a research perspective,it uses the factor analysis method and the coupling coordination degree model to measure the degree of integration between technological innovation and financial innovation in the Inner Mongolia,meanwhile,seeking the relevant theoretical and empirical evidence for the development situation of the two in "interaction,matching and collaboration".In addition,through empirical research,it has been concluded that the coupling degree of the technological innovation and financial innovation in Inner Mongolia is relatively low.There are some leading factors contributing to that result,for example,it still has not established such multi-level capital market to provide financial support for the innovation of technology in the Inner Mongolia area.The credit guarantee mechanism of technology enterprises is not perfect,lacking of the government financial investment as well as the perfect legal guarantee mechanism.Moreover,by combining the current situation and the results of the empirical analysis of technological innovation and financial innovation in the Inner Mongolia region,this paper has an in-depth digging in the problems existing in docking between the two.Finally,some relevant measures and suggestions has been put forward in this paper in order to improve the degree of the innovation and the coupling in technology and finance in Inner Mongolia,which aims at achieving the balance of the resource between supply and demand,jointly promoting the economic development of the Inner Mongolia Autonomous Region.