The Performance Evaluation Research Of Guangxi Local Financial Investment In Science And Technology

Financial investment in science and technology plays an irreplaceable role in guiding local social fund, encouraging technology innovation, promoting science and technology’s development and economic growth, and so on. In2010, GuangXi local financial investment in science and technology up to2.166billion yuan, the output of science and technology investment has increased dramatically, the building of innovation system has went steadily, the ability of science and technology to supporting social and economic development has ascended continually, the contribution rate of science and technology progress has up to40%, and big step has toward to the strategic goal of enriching people and strengthening GuangXi. But not to be overlooked is that, there are some problems still existing in the process of GuangXi local financial investment in science and technology, such as the quantity is not enough, output efficiency is not high and so on, which have largely reduced the performance level of it and restricted the raise level of local science and technology. With the public finance system improved step by step, there has very important practical significance to evaluate the performance of GuangXi local financial investment in science and technology, which has advantage to find the problems and deficiencies of financial investment in science and technology timely, and also has advantage to financial capital utilization’s full play, and then, promote regional economic growth speeded up and raise the level of science and technology development.This paper, based on the framework of public finance and related theory of financial expenditure performance evaluation, from the economic efficiency and the input-output efficiency two aspects, using cointegration test and DEA data envelope analysis method to evaluate the performance of GuangXi local financial investment in science and technology performance, which has demonstrated the relationship between GuangXi local financial investment in science and technology and its regional economic growth and the input and output efficiency level of it. At the end of the paper, put forward the policies and measures, including full play the government role in investment in science and technology, make the technology mechanism of Guangxi local financial investment in science and technology sound, make the science and technology investment budget management system perfect, advance the performance management of financial investment budget in science and technology, which all are aim to improve GuangXi local financial investment in science and technology.