| Regional innovation capability refers to the ability to make full use of regional production factors,so as to improve the overall competitiveness of the region and the ability to use resources.Innovation is the internal sources of a regional development,and the financial sector plays a role.All economic activities cannot leave the monetary capital movement,and financial influnce for the regional innovation is obvious.Different aspects of financial influence for the regional independent innovation is also very different.Based on the original financial influnce system that includes the financial scale,financial structure and financial efficiency,exploring other financial factors on regional innovation has the important significance.Based on the differences of regional economic development in our country,the factors of financial influnce for innovation also have regional differences,which is also worth discussing.Based on the expansion of the financial influnce innovation system,this paper uses the expanding combination form of Cobb-Douglas production function and the panel data of 31 provinces from 2005 to 2015 establishes the individual random effects model to analyze the financial impact on regional innovation factors.At the same time,using DEA-Malmquist index to measure financial influnce innovation rate of change,and using nonparametric method of Kruskal-Wallis test inspects the time trend development of each evaluation index,and method ofMann-Whitney-U test compares with the two regions.The results show that:firstly,the financial influnce of innovation system,in addition to the original variables of financial scale,financial structure and financial efficiency,has a significant influence to the development of regional innovation,the degree of financial deepening,financial ecology and financial openness can also affect regional innovation ability,which has significantly negative correlation;Secondly,the level of regional independent innovation present a distribution that the Eastern>the Central>the Northeast>the West,presenting the eastern region's capacity for independent innovation efficiency steadily developing and in central of China gradually strengthening,and the Western region is always catching up,and the Northeast of China's capacity for regional innovation presents the downward trend;Thirdly,between the financial support system for innovation in 2006-2009 and 2013-2015,financial and creative indexes of influnce for regional innovation of the rate of change have significant difference,presents the obvious stage characteristics;Fourthly,with the comparison of the two regions,we found that both financial influnce innovation system and innovation in the basis of the evaluation index present roughly a distribution form that the Eastern>the Central>the Northeast>the West,and provincial distribution is obvious,and express the heterogeneity between the different areas.In a word,classification guidance,fully considering the different regional economic development level,and adjusting the structure of the innovation system of financial influnce,can develop more effective financial.influnce system of innovation strategy to promote the development of regional independent innovation,which has important guiding significance. |
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