Empirical Study On The Influence Of Science And Technology Finance Development On Industrial Structure Upgrading In Hebei Province

Chinese General Secretary Xi Jinping stressed in the report of the 19 th National Congress that "the supply-side structural reform is the common thread to promote the reform of economic development,center on expediting the coordinated development of the real economy,science and technology innovation and modern finance." Science and technological innovation is the primary engine of development.Finance is the kernel of modern economy.The science and technology financial system is the mainstay of growing economy and updating industrial structures.Apply science and technology finance to promote the upgrade of industry,which has far-reaching strategic significance for burgeoning sustainable and healthy economy in Hebei.Based on this situation,the thesis uses the method of combining theory with demonstration to analyze how the science and technology finance upgrade the industrial structure in Hebei.Firstly,review the relevant literature,describe the basic theories and define the relevant concepts.Then,analyze the mechanism theory of science and technology finance to promote industrial structure upgrading in five aspects: changing the supply and demand structure,increasing people’s income,optimizing social division of labor,promoting technology realization and developing high-tech industries.Based on the quantitative and qualitative aspects of industrial structure advancement and industrial structure rationalization.Furthermore,predicated on the statistics of Hebei from 2000 to 2020,utilize the gray correlation degree model and the time measurement model to carry out an empirical study.Conclusively,as per the findings of research,bring forward pointers.The research findings illustrate that science and technology finance can promote industrial upgrading in Hebei.The influence of science and technology finance on industrial structure upgrading and its sub-indicators,in descending order are: industrial structure upgrading,industrial structure advanced,industrial structure rationalization,fixed asset investment effect coefficient,social labor productivity and energy consumption per unit of GDP.All sub-indicators of science and technology finance can promote the upgrading of industrial structure,among which the input rate of research personnel,the proportion of R&D research funding,the technology market realization rate and the financing rate of listed companies can bring into full play in the current period.And the input rate of research institutions can effectively influence industrial structure from the seventh period.Figure 15,Table 15,Reference 78...