Research On The Cooperative Development Of Science And Technology Innovation, Science And Technology Finance And Science And Technology Output

The beginning of the Sino-US trade war in 2018 has brought some imported price inflation to China's agriculture and related real economy,resulting in the gradual devaluation of RMB.In May 2019,under the influence of the government's policies,American telecommunications enterprises no longer provide chips for Huawei,a technology-based enterprise in China,and Huawei has entered a time cycle of operation with certain risks,just like ZTE in 2018.These disturbances,on the surface,are the unbalanced development of market economy and trade,but in the final analysis,China's comprehensive scientific and technological strength is the real core of this trade war.The degree of scientific and technological innovation development in a country or region determines the degree of scientific and Technological Development in a country or region,and scientific and technological innovation can not be separated from the strong support of financial capital(science and technology finance),which puts forward higher requirements for the innovative ability of finance,and then comes to the development mechanism of research on science and technology finance,science and technology innovation,science and technology output,especially.It's important.Based on the panel data of the whole country,the east,the West and the central regions,this paper analyses the relationship among science and technology finance,science and technology innovation and science and technology output,and divides the process of science and technology innovation into three stages.Finally,it comes to the conclusion that the mechanism of action among them is different in different stages of science and technology innovation and in different regions.In the incubation stage,the more the number of Listed Companies in science and technology,the greater the market capital(risk)investment in science and technology,the more the number of patent authorizations as a measure variable of science and technology output,the higher the total expenditure of government finance in science and technology in a country or region,the less the number of patent authorizations as a measure variable of science and technology output.In the stage of actual productivity,the synergistic development among science and technology finance,science and technology innovation and science and technology output is relatively low in most regions,which needs the support of the government to formulate corresponding policies.In the stage of emerging technology industrialization,the larger the scale of financial fund providers with market characteristics are willing to invest,the higher the level of science and technology output is,on the contrary,one country or another.The expenditure of regional government finance on science and technology has little effect on the output of science and technology.