Study Of The Support Of Science And Technology Finance For Regional Economic Development

In recent years,China has shown the general trend of comprehensively guiding the economic development of the modern new service industry with the support of high and new technology as the core,and science and technology have been continuously developed.Science and technology have also gradually penetrated into various fields of finance.Based on the systematic financial related literature at home and abroad and the theory of science and technology,on the basis of analyzing the financial impact on the growth path of science and technology of macroscopic and microcosmic mechanism,taking Yixing city as an example,the selection of the fiscal appropriation of science and technology,science and technology the loan proportion,state-owned bank loans as indicators of science and technology,financial,economic development has chosen the urban unemployment rate,GDP and the third industry economy accounted for as a variable,taking ADF test and cointegration analysis and error correction model on the relationship between the financial science and technology and regional economic growth has carried on the empirical research.It is found that in a long period of time,there is a co-integration relationship between the financial indicators of science and technology and economic development variables of Yixing city,and the proportion of fiscal science and technology appropriation,science and technology loan and state-owned bank loan also has a positive effect on the economic aggregate growth,industrial structure optimization and unemployment rate reduction of Yixing city.Further,this paper points out the Yixing technology existed in the course of the financial development in the financial system is imperfect,the loan amount of science and technology in the proportion of the financing amount is small,the problem such as need to broaden the financing channels,and improve the financial development of science and technology environment,condensing technology force,perfecting the corresponding financial capital markets,etc,put forward the development of science and technology financial advice,for Yixingeconomic development and degree of similar cities provide reference and reference.In this paper,co-integration analysis and error correction model are adopted to study the long-term equilibrium relationship between technology and finance and economic growth.In terms of research content,this paper analyzes the influence path of fintech on economic aggregate,industrial structure and economic development in detail from two aspects of macro mechanism and micro mechanism,adopts empirical research and conducts verification,and finally puts forward targeted policy Suggestions.From the perspective of research,this paper directly links technological finance and regional economic growth,selects specific indicators to measure technological finance,and verifies the direct relationship between technological finance and regional economic growth.This paper theoretically explores the role of fintech in economic growth and the long-term equilibrium relationship between fintech and regional economic development.The research on the support of science and technology finance for regional economic development carried out in this project has also improved the theory of industrial economy to a certain extent and explored the establishment of a more perfect theory system of science and technology finance.In Yixing,from the practical level,this article selects the representative region,with ten years of real data,the financial and the relationship between the regional economic growth of science and technology has carried on the empirical test,find out the financial vulnerabilities existing in promoting regional economic development of science and technology,and on this basis,put forward the corresponding policy recommendations,also for Yixing industrial adjustment policies provide the decision-making basis.