The Impact Of Financial Development On Regional Technological Innovation And Industrial Upgrading

In recent years,global scientific and technological innovation and industrial transformation have shown new development trends,which have triggered a new round of industrial and economic transformation.The development of technology and industry cannot be separated from the support of finance.At present,the focus of regional development is to promote the upgrading of industrial structure supported by scientific and technological innovation.In turn,industrial evolution can also promote the improvement of technological innovation capacity.Therefore,it is of great significance to study how financial development affects industrial optimization and scientific and technological innovation,and how to establish a financial system that adapts to the current new economic situation.Basis of literature research,this paper explores the impact mechanism of financial development on the coupling of science and technology and industry.Data of 30 provinces and cities from 2009 to 2018 are selected,and entropy value method and panel data analysis are used to explore whether financial development has an impact on the coupling coordination of science and technology innovation and industrial upgrading.First of all,the objective entropy method is adopted for regional scientific and technological innovation and industry upgrading comprehensive evaluation index system,technology and industry system respectively calculated composite scores,again through the coupling coordination degree model to measure science and technology-industry coupled system coordination degree R value,secondly,using panel data analysis,the inspection of financial development on science and technology innovation and upgrade of industrial structure coupling coordination degree,the influence of the empirical analysis results show that the technological innovation and upgrade of industrial structure in our country the coordination degree of increase year by year within the period of observation,coordination of the overall reach coupling phase,but different regional coordination degree difference is obvious;In terms of scale,efficiency and structure,financial development has a positive impact on the national technology-industry coupling coordination degree,indicating that financial development has indeed improved the technology-industry coupling coordination degree.If the total index coefficient of financial development is higher than the three sub-indexes of scale,efficiency and structure,it indicates that the establishment and improvement of financial system can effectively promote the coupling and coordinated development of scientific and technological innovation and industrial structure optimization.Finally,this paper puts forward policy Suggestions from three aspects to promote the coordinated development of science and technology innovation and industrial structure in finance.