Research On The Impact Of Science And Technology Financial Policy On Innovation In The Yangtze River Delta Region

Technology,finance and innovation are the three main driving forces for economic growth.Technology is the primary productive force,and finance is the first driving force.As an organic combination of the two,science and technology and finance are further developed and coupled into a strong endogenous innovation system on top of the original "1 + 1" model.In 2016,the “Outline of National Innovation-Driven Strategic Development” issued by the Central Committee of the Communist Party of China and the State Council clearly stated that China will “enter the ranks of innovative countries in 2020”.In the context of China's construction of an innovative country,the relationship between science,technology,finance and innovation has received increasing attention from society.According to the latest ranking of China's Urban Science,Technology and Finance Development Index 2019,of the top ten nationwide leaders in science and technology development,Shanghai,Hangzhou,Nanjing and Suzhou in the Yangtze River Delta region occupy four seats.As an important part of the Yangtze River Delta regional urban agglomeration,this fully demonstrates the comprehensive strength of the Yangtze River Delta region.Economic development is inseparable from the support of policies.The Yangtze River Delta cities can occupy a leading position in the development of science and technology and finance in the country.The strong support of local governments is indispensable.The connection between science and technology and financial policies and regional innovation deserves further discussion.quantified policy texts,it is found that the level of science and technology and financial policies in the Yangtze River Delta cities has increased rapidly,but the development gap between cities has gradually widened.Then,from innovation input and output,7 indicators were selected in three aspects,environmental and environmental aspects,and the entropy method was used to calculate the index weights to construct an index system for the level of regional innovation and development in the Yangtze River Delta region.The coefficient is relatively large.Finally,using a spatial econometric model to conduct an empirical analysis of the relationship between technological and financial policies and the level of regional innovation,it is found that there is a clear positive spatial correlation between the level of technological and financial policy development in the Yangtze River Delta region and the level of regional innovation and development.The level of regional innovation and development has a significant positive spillover effect on the region.Finally,on the basis of empirical research,policy suggestions for policy linkage,overall coordination and adaptation to urban conditions are put forward.