Research On The Mechanism Of Financial Development Promoting Innovation Oriented Economic Growth

At present,under the complex environment of economic development and the current situation of our country,the pressure of economic downturn is increasing,and the speed of China's economic growth has changed,from the previous high-speed to medium and low speed.Industrial production is still at the bottom of "smile curve",and high-tech innovation,development and application of cutting-edge technology,space is still very great,the innovation and development of our foundation is weak,is still in the low-end manufacturing sectors of the international industrial chain.The modern financial services industry is compared to the industrial and agricultural development rapidly in the industry,financial leasing,Internet banking and other new forms of financial development not only promotes the emerge in an endless stream,"the application of new technology Internet plus",to promote the vigorous development of China's innovative economy,at the same time,a new economic growth through the Internet platform economy,can also further to promote the rapid development of China's financial economy,a virtuous cycle of relationship between the two,so as to promote economic development can get effective.Firstly,the theory of financial development and economic growth theory to explore,the main way of financial development to promote economic growth,followed by introducing the concept of the creative economy,to explore how to promote the development of financial innovative economic growth through the macroscopic and microscopic mechanism,on the basis of the empirical analysis,selected proxy variables of financial development and innovation the economy,constructing a VAR model,from the perspective of econometric analysis of financial development is to promote innovative economic growth,specific issues and mutual influence of the scale of mutual relations.