| Since the 1980 s,as the economic exchanges between countries have become more and more close,the international competitive situation with innovation as the core has gradually emerged,and the economic operation of our country has gradually presented a new normal state.Under the new normal,scientific and technological innovation has become an important driving force for China's economic development.At the national science and technology conference in 2006,our country put forward a development strategy for improving independent innovation capabilities and building an innovative country.The reports of the 18 th National Congress,the 19 th National Congress of the Communist Party,and the 2018 Government Work Report emphasized that we should adhere to the road of independent innovation,build our country into an innovative country and enhance its economic innovation and competitiveness.As the overflow of scientific and technological innovation activities hampers the enthusiasm of the private sector in conducting innovative research,our country has been increasing its financial support for science and technology in recent years to make up for the lack of innovation activities caused by market failures,with a view to supporting and promoting the innovation investment of private sector through fiscal policies,to promote innovation development.There are two types of direct and indirect financial expenditures on science and technology innovation in our country.Direct investment refers to various kinds of financial investment for science and technology activities.Indirect investment mainly refers to various preferential tax policies and government procurement policies.Different input methods have different mechanisms of action,and there are significant differences in their effects.High-tech industries have high R&D intensity,and they have high input and high risk characteristics.They cannot rely entirely on the strength of the market to promote their healthy development.At the same time,high-tech industries are the leading industries for innovative ways in China,and the focus of government's support for innovation.Its speed of development and its level of development have important implications for the development of other industries in our country,reflecting the level of technological innovation in our country.From the perspective of input and output of technological innovation,this paper studies the impact of financial science and technology input in China on the technological innovation of high-tech industries,and studies the relative effectiveness of inter-regional financial science and technology investment in promoting the technological innovation of high-tech industries,to further improve the efficiency of financial science and technology investment.The main research contents of this paper are as follows:The first part of the paper introduces the research background and problems,elaborates the purpose and significance of the research,and based on this,integrates the existing research results on financial science and technology input and high-tech industry technological innovation and reviews the literature.Finally,it puts forward this article's research methods,innovations and deficiencies.The second part analyzes the theoretical basis and mechanism of high-tech industry financial science and technology investment,and focuses on the neo-classical growth theory,technological innovation theory and public product theory related to financial science and technology investment.From the perspective of financial investment in science and technology promoting technological innovation input,technological innovation input promoting technological innovation output,this paper analyzes the path of financial science and technology investment affecting the technological innovation of high-tech industry.The third part studies the status of China's financial science and technology capital investment,tax incentives,government procurement and technological innovation of high-tech industries,analyzes some problems in China's financial investment in science and technology and the technological innovation of high-tech industry,and finds out that the scale of China's financial science and technology investment,the scale of investment in technological innovation of high-tech industries and the scale of output are all on the rise,but there is still insufficient investment in financial science and technology,and regional differences are significant.The fourth part is the core part of this article.First of all,select the related indicators of financial science and technology investment and the technical innovation input and output indicators of high-tech industry to conduct regression analysis.The results show that there is a positive correlation between the financial investment in science and technology and technological innovation input and output of high-tech industries on the whole.Increasing financial investment in science and technology can promote high-tech industries to increase R&D investment,and further increase the innovation output of high-tech industries,but the specific effects of different financial investment methods are different.Then,from the perspectives of technological innovation investment and technological innovation output,the DEA model is established to evaluate the regional efficiency of financial science and technology investment promoting technological innovation in high-tech industries.The empirical results show that China's financial investment in science and technology to promote the technological innovation of high-tech industries is less efficient and there are great differences in the efficiency of different provincial and municipal financial science and technology investment.The fifth part combines the analysis of current situation and the conclusion of empirical research,and puts forward corresponding suggestions for the problems of high-tech industrial financial science and technology investment,so as to enhance the effectiveness of financial science and technology investment promoting technological innovation in high-tech industries.The innovation of this article is reflected in the following: Empirical analysis of the effect of financial investment in science and technology and preferential tax policies on the technological innovation of high-tech industries,the calculation of the relative efficiency of financial science and technology capital investment and tax incentives in different regions to promote technological innovation in high-tech industries,and targeted research on the effect of financial science and technology investment related to high-tech industries,and putting forward suggestions for improvement. |
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