Research On Impact Of Science And Technology Finance On Science And Technology Innovation In Shandong Province

The rise of successive industrial revolutions in the world almost all originates from scientific and technological innovation,and the impetus was scientific and technological finance.Scientific and technological finance organically combine the "first productivity" of science and technology and the "first impetus" of funds to invest financial resources for research,achievement transformation and industrialization.Now,Shandong province is vigorously implementing the strategy of changing the old kinetic energy into the new one.It is necessary to strengthen scientific and technological innovation to achieve development.Study on the effect of scientific and technological finance on innovation is of great significance for improving scientific and technological finance construction,optimizing technological and financial resources,and accelerating technological innovation.Firstly,it defines the meaning of science and technology finance,explores the impact of science and technology finance on science and technology innovation,and then analyzes the indicators of Shandong science and technology finance input and the indicators of science and technology innovation output from 2013 to 2017.The results show that there was a phenomenon of focusing on capital and neglecting talent in the process of science and technology finance development in Shandong province.The panel data of science and technology financial input and science and technology innovation output of 9 other provinces and cities along the eastern coast of Shandong were analysed staticly and dynamicly by using the DEA-CCR and DEA-malquist models.The conclusion was that the efficiency of science and technology and finance in Beijing,Guangdong,and Jiangsu is effective,and the total factor productivity of science and technology in Shandong that promotes technological innovation is declining.The panel data of science and technology investment and technological innovation output in 17 cities of Shandong were analysed by using the DEA-CCR and DEA-malquist models.The conclusion was that science and technology are progressing in Shandong.The reason why the total factor productivity of Shandong is decreasing is mainly due to the decrease in technological efficiency.The reasons of this phenomenon were that Shandong's new scientific and technological innovation and new management models and experience have not been promoted in a timely and widespread manner in the whole province;the second is that new technologies,new management methods and local production methods need certain conditions.Based on the result,concluded the proposal on the development of science and technology finance in Shandong: First,the talent introduction system should be strengthened,and the innovative talent team should be cultivated and expanded.Second,the construction of the capital market should be strengthened and improved,a financial system that integrates technology and finance should be built.Third,Government plays a full role in rational allocation of scientific and technological financial resources.Fourth,scientific and technological financial investment should be optimized,technological financial efficiency should be optimized.Fifth,Scientific and technological innovation mechanism and platform should be improved.Figure17;Table17;Reference 51...