Research On The Effect Of Science And Technology Finance On Industrial Structure Upgrading

During the "Thirteenth Five-Year Plan" period,innovation,coordination,and green have become the core ideas of China's current economic development.Especially with the development of Sino-US trade wars,China's electronics,information,communications and other high-tech industries are under unprecedented pressure to achieve high industrial growth.The transformation of technological and high-knowledge orientation is imminent,and the primary task of promoting the upgrading and transformation of industrial structure is to overcome the two major difficulties of low-efficiency output and insufficient investment in research and development.Under such a severe international and domestic situation,it is necessary to give full play to the supporting role of finance in science and technology in order to overcome the challenges of science and technology innovation.To enable financial services to seamlessly serve technological innovation activities,it is necessary to increase the integration of technology and finance.It is imperative to develop science and technology finance.At the same time,targeted development of science and technology finance with the upgrading of industrial structure can make scientific and technological innovation and financial development more oriented,so as to promote industrial structure upgrading and national economic development more efficiently.Based on this,this paper takes the upgrading of science and technology finance and industrial structure as the research object,and deeply studies the role of science and technology finance in the upgrading of industrial structure,in order to explore how to develop science and technology finance in a targeted manner,and thus better promote the upgrading of industrial structure.This paper uses a combination of theoretical and empirical research methods to explore the role of science and technology finance in the upgrading of industrial structure.On the one hand,it analyzes the research status,development status and related theories of technology finance and industrial structure upgrading from the theoretical level,and elaborates the mechanism and path of the role of science and technology finance in industrial structure upgrading.On the other hand,the static panel regression model and the dynamic PVAR model are applied to explore the role of the comprehensive development level of science and technology finance,the level of science and technology finance input,and the level of technology and financial output on the upgrading of industrial structure from the empirical level.The research results show that:(1)The development of science and technology finance has a positive impact on the upgrading of industrial structure,and the upgrading of industrial structure can also promote the development of science and technology finance.(2)The investment in science and technology finance has a positive impact on the upgrading of industrial structure.On the one hand,the increase in investment in science and technology finance can directly promote the upgrading of industrial structure.On the other hand,investment in science and technology finance can indirectly promote the upgrading of industrial structure by promoting the output of science and technology finance.However,the investment in science and technology finance can only produce a weak positive impact on the upgrading of industrial structure,and the impact size has been around 0 and there is a lag period.(3)The output of science and technology finance has a positive impact on the upgrading of industrial structure,and the contribution ratio is large.Finally,in order to realize the goal of promoting the upgrading of industrial structure while developing science and technology finance,this paper proposes to increase the integration of science and technology finance,implement the technology differentiation strategy of regional differentiation,improve the efficiency of input and output of science and technology finance,and improve the investment system of science and technology finance.Policy recommendations.