Research On The Coupling Of Scientific And Technological Innovation And Financial Development In Ethnic Areas

Promoting economic development is inseparable from technological innovation and financial support.Technological innovation provides the main driving force for economic development.Financial development also serves as a catalyst to support technological innovation activities.The effective combination of science and technology and finance has a huge impetus to the adjustment of economic structure,industrial transformation and upgrading of the country or region,and high-quality economic development.The lag of economic development in ethnic areas stems from the significant lack of scientific and technological innovation capabilities and the slow development of finance.The low efficiency of the two docking has seriously restricted the rapid development of economic development.In order to fully implement the development strategy of strong science and technology zones,accelerate the implementation of innovation-driven development strategies,and promote supply-side structural reforms,ethnic regions must focus on technological innovation,unswervingly promote comprehensive innovation,vigorously develop science and technology finance,and strengthen science and technology.Effective docking of innovation and financial development.Based on the related literature review and theoretical analysis,this paper studies the interaction mechanism between science and technology innovation and financial development from the perspective of “coupling”.This paper analyzes the status quo of science and technology finance in ethnic areas from the aspects of science and technology finance,science and technology credit,venture capital and technology insurance.In view of the status quo,it points out the shortcomings of the current development of science and technology finance in ethnic areas,such as the lack of a comprehensive service platform for the integration of technological and financial innovation elements,and the lack of high-quality,well-structured scientific and technological talent innovation teams.Through the empirical analysis of five ethnic minority areas(Inner Mongolia,Xinjiang,Ningxia,Guangxi,Tibet),the evaluation index system of scientific and technological innovation and financial development in ethnic areas was determined.The power function and the coupling degree model are established.The coupling data is used to measure the coupling degree between science and technology innovation and financial development in ethnic areas.Therefore,the degree of coupling and coordination between science and technology innovation and financial development in ethnic areas is obtained.The results show that financial development lags behind technological innovation.In 2007 and 2008,the level of scientific and technological innovation and financial development in ethnic areas was extremely low.Since 2009,the level of scientific and technological innovation has gradually improved,but the improvement of scientific and technological innovation has not promoted financial development.The level of synchronization has increased,and financial support for technological innovation is insufficient.In 2007-2016,the coupling degree between science and technology innovation and financial development in ethnic areas gradually increased.However,only the middle of 2016 reached the intermediate coordination coupling stage,which indicates that the two have a deep coupling trend,but the stability is low and still far away.In addition,this paper also proposes relevant countermeasures and suggestions on how to better promote the benign and rapid development of the two,such as building a comprehensive platform for science and technology finance,continuously increasing the intensity of differential support for ethnic areas,and expanding diversified finance.Supporting the system,implementing the priority development strategy of professional talents,and improving the level of scientific and technological achievements transformation provide a certain empirical basis and reference value for the development of science and technology finance in ethnic areas.