Research On The Interactive Relationship Between Taiwan's Finance Development And High-tech Industry Development

Both the Cross Strait considered the development of finance and technology as important objectives of regional economy.Taiwan puts forward the concept of "digital finance",mainland China proposes the concept of "Internet+".How to realize the interactive development between Taiwan's finance industry and technology industry is the problem that both the Cross Strait must consider.Analyzing the interactive relationship between Taiwan's finance and technology is helpful for mainland to learn from the experiences of Taiwan.In addition,it is benefit for the Cross Strait industrial cooperation.Based on the theory of enterprise life cycle theory,industry life cycle and financial innovation theory,this paper considers the different stages' interactive relationship between Taiwan's financial industry and high-tech industry.Study shows that during the whole period(1986?2015)and the first period(1986?2000),Taiwan's high-tech industry development is not the granger reason of finance development in Taiwan,and vice is not;during the last period(2001?2015),Taiwan's financial industry development and the development of high-tech industries are the granger reason of each other.According to the research of the last period(2001?2015),in the short run,the shock of Taiwan's financial industry development and high-tech industry development have great effect on its own but have little effect on other industry.In the long run,the shock of Taiwan's financial industry development and high-tech industry development both have little effect on its own and other industry.China should focus on the function of technology to improve financial efficiency,pay attention to the role of Small and Middle high-tech Enterprises,improve the financing system and attach great importance to the interaction of science and technology,such as artificial intelligence and big data technology.Cooperating with Taiwan to realize a win-win development.