The Empirical Research Between Technology Innovation And Technology Finance In Jiangsu

Accompanied by the emergence of new scientific and technological revolution and industry transformation,combination of science&technology with finance is good for technological R&D,achievements transformation and strategic emerging industries development.It is the essential requirement for supply-side structural reform and system mechanism reform.Also,it is the prerequisite of developing innovation-driven development strategy and innovative economy.Jiangsu is the demonstration province of combining technology with finance,regarding it as the important guarantee of innovation-driven strategy.In recent years,as the innovative province pilot,Jiangsu implements scientific and technological innovation project,regional innovation capability topped the list for the last eight years.This article taking Jiangsu as an example researched the coupling relationship between technological finance and technological innovation,thus booming innovative economy,having important academic value and application prospect.This article combined qualitative analysis with quantitative analysis.As for the theory research,based on literature review,this article analyzed theory about technological finance,technological innovation and coupling relationship.As for the current analysis,this article studied on the realistic foundation of technological finance coup ling with technological innovation with tables and figures,and learning from the typical cases in other provinces and cities.As for the empirical research,this article set up evaluation index system,researching coupling relationship(coupling,coupling coordination degree,coupling type of coordinated development,coupling coordination type),studying coupling mechanism(Johansen,Granger Causality Test).Based on principal component analysis and present status,dividing technological finance into market technological finance and public technological finance.Also,dividing technological innovation into technological innovation input and technological innovation output.Based on coupling model and coupling coordination model,results show that the system in Jiangsu is technological finance-oriented fine quality coupling at present,and appearing as high-level intercoordination in subsystem.Based on the empirical results of coupling relationship and theory analysis,this article carried out the empirical research on coupling mechanism,proving the degree of interaction and causality in subsystem for further study.In the meantime,this article made some comparison with the results of nationwide,deeply analyzing the reasons,explicitting the advantages and disadvantages in Jiangsu.Finally,some conclusion,managerial implication and prospects were put forward.