Research On The Impact Of Science And Technology Finance On Regional Economic Growth

In the past three years,the global spread of the new crown epidemic and the external shock to the world economy have also had a certain impact on China’s economy,resulting in a significant slowdown in regional economic growth.Against this background,stabilizing the domestic economy,maintaining regional economic growth,promoting coordinated interregional development and achieving common prosperity have become the main goals at present.In response to the adjustment of China’s national strategy and the changes in the global economy,the state is currently formulating a new regional development plan to guide the direction of China’s future regional economic development.These plans have the potential to steer China on a sustainable and equitable development path.In addition,the thinking of China’s economic and social development is changing,getting rid of the virtual to the real is the general direction of the current national development,avoiding the disorderly expansion of capital,and developing hard science and technology is the primary task at present.The current national policy is greatly biased towards science and technology enterprises,and the development of the real economy is an important means to promote China’s economic growth.With the rise of science and technology enterprises,the trend of globalization has been further strengthened,and the international development and cooperation of science and technology enterprises can drive the growth and development of the global economy.Promote the further development of science and technology finance,promote its positive role in regional economic growth,provide reference for the study of practical experience and theoretical methods of regional economic development,and provide reference for the formulation of a new round of regional development planning.Therefore,the research on the impact of science and technology finance on regional economic growth has very certain practical significance.Based on the above background,for the research on the impact of science and technology finance on regional economic growth,this paper selects the relevant data of30 provinces(municipalities directly under the central government,autonomous regions)(excluding Hong Kong,Macao,Taiwan and Tibet)and the eastern,central and western regions of China from 2006 to 2020,and describes the comprehensive index of science and technology finance from four levels,which is specifically divided into four subindexes: venture capital index,technology loan index,research and development index and technology financial environment index,to construct a new science and technology finance index This paper shows the development level of science and technology finance in China,and empirically analyzes and tests the impact of science and technology finance on economic growth at the national and regional levels.This paper introduces a spatial econometric model to study the impact of technology and finance on regional economic growth,and find countermeasures to narrow regional development differences.The results show that technology finance can promote regional economic growth,but there are regional differences in the promotion effect of science and technology finance on regional economic growth and there are spatial spillover effects in space.Based on this,this paper puts forward four suggestions: establish a diversified capital investment system,strengthen the construction of science and technology financial talents,create a high-quality business environment,and build a fair and just legal environment,which provides a valuable reference for further promoting the development of science and technology finance in China and promoting regional economic growth.