Research On Improving The Efficiency Of Tianjin Science And Technology Finance

With the acceleration of global scientific and technological innovation and the profound transformation of the pattern of economic development,optimizing the resource allocation structure,seeking development through innovation and optimizing the economic development mechanism are the main driving forces of economic development.Finance is the combination of scientific and technological innovation and financial innovation of science and technology,is a national comprehensive competitiveness and the important of social productive forces,science and technology financial ability to response national comprehensive competitiveness and economic development,scientific and technological innovation and effective integration of financial innovation will become the important force to promote the development of national economy,the government has made it clear to the innovation as an important force,improve the level of economy in our country the government has introduced a number of financial policy of science and technology power of science and technology innovation and development.At present,most of the researches on the efficiency of science and technology finance in China are considered from the national level or the provincial level,and few are focused on the efficiency of science and technology finance in cities.However,the development status of each city is different,and different methods are applicable to different cities.Tianjin was established as a pilot city of science and technology finance in 2011.How to improve the development capacity of science and technology finance has become an important issue.Based on the theory of science and technology finance,this paper combines the development status of input and output of science and technology finance in Tianjin,obtains the efficiency of science and technology finance in Tianjin by DEA-Tobit method,and makes corresponding Suggestions for the problems existing in the development process of science and technology finance in Tianjin.It is significant to enrich the research and analysis in this field to improve the efficiency of Tianjin's science and technology finance.Starting from the relevant theories of science and technology finance,this paper sorts out the research of relevant scholars,and sorts out the development process of science and technology finance,the measurement methods and influencing factors of the efficiency of science and technology finance.Through the analysis of the development status of Tianjin's science and technology finance,it is found that the overall development status of Tianjin's science and technology finance is good.For further inspection of Tianjin science and technology and financial efficiency,using DEA method,from the government enterprises and market environment three aspects: the selection of input and output indicators,it is concluded that the Tianjin science and technology in 2008-2018 financial efficiency,at the same time and 13 financial pilot cities of science and technology comparison,transverse found Tianjin science and technology and financial efficiency ranking relatively backward,the longitudinal comparison of Tianjin financial efficiency of the whole of science and technology in a state of growth.It shows that Tianjin's science and technology finance is in the stage of steady development,but compared with other cities of science and technology finance,its investment in science and technology finance is in the middle level,but there are redundant investment and insufficient output,which indicates that its resource allocation efficiency is low,and it does not give full play to its resource advantages and resources are not fully utilized.At the same time,the insufficient output also proves that its scientific and technological achievements cannot be effectively transformed.Based on the above efficiency value of science and technology finance,an index system was established and factors affecting the efficiency of science and technology finance in Tianjin were obtained by Tobit regression.The results showed that the proportion of science and technology expenditure in the general public budget was positively correlated with the total number of personnel in R&D and the efficiency of science and technology finance.At the end of the year,the proportion of loan balances of financial institutions in the GDP and the proportion of enterprise funds in the expenditure on research and experimental development of enterprises were not significant.According to the above empirical results,Suggestions are put forward from three aspects: the government should pay attention to the effectiveness of policies,improve the talent introduction system,and optimize the structure of financial input.On the part of enterprises,they should increase the proportion of investment in scientific and technological innovation,and improve their innovation capacity and the conversion rate of scientific and technological achievements.In terms of the market,we should enrich the subject of science and finance investment,strengthen the innovation capacity of universities and research institutions,and improve the construction of platforms for science and technology innovation.