Research On The Impact Of The Degree Of Coupling And Coordination Between My Country's Financial Innovation And Technological Innovation On Economic Growth

Studying the relationship between financial innovation and technological innovation from the perspective of economic development is to explore the power mechanism of long-term economic growth.Economic growth theory points out that the law of diminishing returns determines that factor-driven growth and its mode must fall into the "growth trap".At present,China’s national strategy of "innovation-driven and transformational development" is to push the national economy out of the "growth trap" with new models and new driving forces,which has a good reference significance for the economic growth of various provinces in China to maintain a certain growth rate.In theory,Schumpeter’s claim that economic growth is driven by the twin wheels of innovation and finance was revived with a bang.With the transformation of China’s economic development mode from high-speed growth stage to high-quality development stage,as two important innovation bases,the deep integration of financial innovation and scientific and technological innovation is inevitably conducive to the implementation of innovation-driven development strategy.Scientific and technological innovation is a new engine driving economic development,and financial innovation is the fuel for economic development.The high integration of scientific and technological innovation and financial innovation produces scientific and technological finance.With the advantages of scientific and technological finance,the improvement of independent innovation ability and total factor productivity.This paper consists of five chapters,The first chapter is the introduction,which mainly introduces the research background and significance,research methods and main content,literature review,innovation and shortcomings.The second chapter is the theoretical basis,introducing the coupling of financial innovation and technological innovation on the impact of economic growth theory;The third chapter is our country the construction of index system of financial innovation and technological innovation and optimization,on the basis of the indexes to build index system of financial innovation and technological innovation,and then using the factor analysis for dimension reduction,it is concluded that financial innovation index of common factor X1,X2,science and technology innovation index of common factor Y1,Y2,behind for calculating coupling coordination degree and regression analysis to establish indicators.The fourth chapter is the empirical research part,first of all,build the coupling coordination degree model of financial innovation and technological innovation system of the coupling coordination degree,and then through financial innovation,technological innovation,financial innovation and technological innovation coupling coordination degree to economic growth indicator panel regression respectively,draw the conclusion: financial innovation index the second common factor X2 impact on economic growth under the 5% level has significant positive effect;The influence of the common factor Y1 in the first category of technological innovation indicators on economic growth has a significant positive effect at the level of 1%.The coupling degree D of financial innovation and scientific and technological innovation has a significant positive effect on economic growth at the level of 1%,and the effect of coupling degree D of financial innovation and scientific and technological innovation on economic growth is better than that of scientific and technological innovation and financial innovation alone.In the last chapter,according to the coupling of financial innovation and technological innovation in different provinces and the empirical results of economic growth,feasible Suggestions are put forward from the macro,medium and micro levels.