A Research On The Efficiency Of Input Of Financial Science And Technology In China

The development of science and technology is the foundation of the founding of the country.The foundation of a strong country is an inexhaustible motive force for promoting China's economic development.Financial and scientific investment is also an important force driving the development of science and technology.In recent years,China's fiscal investment in science and technology has been expanding,and the efficiency of financial technology investment has become the focus of attention.At present,most scholars in China use the data envelopment analysis method when measuring the efficiency of financial science and technology input.However,this method does not consider the influence of environmental factors and random errors on the efficiency value.Therefore,the efficiency value of the measurement does not reflect China's financial technology.China's regional development is unbalanced.The eastern region and the western region have large gaps in economic,cultural,educational,medical and other aspects.These factors will inevitably affect the evaluation of efficiency values.Therefore,this paper adopts the three-stage DEA model for China's financial technology.Compared with the traditional DEA model,the three-stage DEA model can eliminate the influence of external environmental factors and random errors on the efficiency value of decision-making units,improve the homogeneity level of each observation object,and make the observed efficiency value more in line with China.The true level of efficiency of financial technology investment.Because the three-stage DEA model can only analyze the fiscal technology input efficiency value of each province in China,but can not analyze the change of efficiency value in each year longitudinally,the Malmquist productivity index model is used for longitudinal dynamic analysis to find both static and dynamic.From the perspective of comprehensively grasp the efficiency of China's fiscal technology investment.The results show that: First,the adjusted technical efficiency of China's fiscal science and technology investment is due to the inefficiency of scale,and the scale efficiency gap between the eastern and western regions is huge,indicating that the western region's fiscal science and technology investment is less,and it needs to increase the western region.Second,the increase in China's fiscal technology investment productivity is due to the improvement of scale efficiency in technical efficiency.Third,after eliminating the influence of environmental factors and random factors,the first and third stages of DEA efficiency values exist.The difference,and the efficiency value of the third stage and the output variable are more relevant.Through empirical analysis,the following countermeasures are proposed: First,China establishes a long-term fiscal science and technology investment growth mechanism to ensure the continuous growth of China's fiscal technology investment;Second,we must optimize the financial technology investment structure and reduce the scale of investment between the eastern and western regions.The gap between the three;the development of the technology market,improve the conversion rate of scientific and technological achievements;Fourth,promote the efficiency of financial science and technology investment funds,reduce the waste of research funding.