Research On The Coupling And Coordination Relationship Between Science And Technology Finance And High-tech Industry In Henan Province

Science and technology finance is regarded as an innovative arrangement integrating policies,systems,resources,tools and services,aiming to provide a continuous flow of funds for the development of high-tech industries.However,the development of the science and technology financial system should keep pace with the development level of the local high-tech industry,so as to maximize the use of resources and achieve "precise drip irrigation".In addition,the support of science and technology finance for high-tech industry should not only be "one-sided blood supply",but also complement and promote each other so as to realize the optimal allocation of resources.This paper first combs the related theories involved,focuses on capital formation,risk dispersion,information publicity,incentive and restraint channels in the promotion path of science and technology finance to high-tech industry,and points out the "back feeding" effect of high-tech industry on the science and technology financial system from the perspective of technology spillover,talent spillover and business spillover,as well as summarizes the effects such as credit Information sharing,cross learning,innovation power,risk sharing and other potential coupling paths.Then we use entropy weight method to measure the science and technology finance index and high-tech industry index of Henan Province.We find that 2006 and 2011 are the turning points for the leaping growth of science and technology finance index of Henan Province,and 2006 is also the turning point for the growth of high-tech industry index of Henan Province from slow to fast.The reason is that in 2004,the country first proposed the strategy of "the rise of the central region".In 2006,Henan Province established a new development idea of "implementing independent innovation and leaping development strategy,building an innovative Henan".In 2011,a wave of "innovation driven development" was formed from the top to the bottom.Under the encouragement and call of these policies,Henan Province has continuously increased the investment in scientific and technological resources,improved the financial radiation and competitiveness,and achieved great leap forward development.By constructing the coupling coordination model,it is found that 2013 is the turning point from "maladjustment" to "coupling" of the science and technology finance system and high-tech industry system in Henan Province,and the coordination relationship between them has reached the "intermediate coupling" state in 2017.This shows that the development trend of science and technology finance and high-tech industry in Henan Province has gradually formed mutual promotion and complementary,and the degree of coupling coordination has increased year by year.In order to explore the long-term equilibrium relationship between the internal elements of the two systems of science and technology finance and high-tech industry in Henan Province,the VAR model is constructed,and the specific influence mechanism of the internal elements of the two systems is explained in detail.Finally,according to the research content and results,the feasibility suggestions are put forward.