Research On The Influence Of Municipal Financial Science And Technology Expenditure On City Innovation

At present,China’s economy has entered a period of breakthrough from growth to high-quality leapfrog development,and how to achieve high-quality economic development faster and better is one of the major issues facing China’s economy.Driving high-quality economic development with innovation is the key to improving the quality of economic growth and economic transformation,and it is also the fundamental requirement for Chinese-style modernization.Among them,the city as the main carrier of China’s innovation activities and the main gathering place of innovation elements,urban innovation has become a very important part of innovation activities,through the improvement of urban innovation level to achieve local innovation to drive the overall innovation of the country is an important way for China to achieve innovative development,but also to enhance the comprehensive national strength and national competitiveness of the only way.At present,the uneven level of innovation in various cities in China and other problems affect the realization of long-term planning goals for coordinated regional development and the national innovation development process.Therefore,under the premise of ensuring that innovation activities are market-led,local governments should play their role as "visible hands",and when the market cannot achieve the effective allocation of innovation resources and cannot achieve innovation goals,local governments should strengthen macro-control of the innovation economy,such as establishing a coordinated development model between regions,establishing a cooperative innovation mechanism for cities,and improving support policies for innovation subjects to maximize the benefits of innovation.Among them,fiscal science and technology expenditure,as the most direct means for local governments to regulate and control innovation activities,has a certain impact on the level of local innovation.Therefore,it is of great significance to study the impact of municipal financial science and technology expenditure on urban innovation to promote urban innovation development,improve urban innovation level and sustainable economic and social development.The paper is divided into five parts for discussion,first of all,the first part introduces the research background,theoretical significance and practical significance of the article,summarizes the relevant literature reviews at home and abroad related to the theme,and introduces the research methods adopted;Secondly,the second part defines the conceptual definition of fiscal science and technology expenditure and urban innovation,and expounds the theoretical basis of the paper from three aspects: innovation theory,public goods theory and externality theory.Then,the third part analyzes the development status of municipal financial science and technology expenditure and urban innovation level and the mechanism between them.The fourth part is to conduct an empirical analysis of municipal financial science and technology expenditure on urban innovation;The final section summarizes the full text and makes relevant policy recommendations.The main conclusions drawn in this paper are: first,on the whole,municipal financial science and technology expenditure has a significant role in promoting the local urban innovation level,and has a positive spatial spillover effect on surrounding cities;Second,from the perspective of sub-regions,the municipal financial science and technology expenditure of eastern cities has the strongest effect on urban innovation and has a significant positive spatial spillover effect on surrounding cities,while the municipal financial science and technology expenditure of central and western cities does not have a significant positive spatial spillover effect on the innovation level of surrounding cities.Third,from the perspective of time period and city administrative level,the role of municipal financial science and technology expenditure in promoting urban innovation was more obvious in provincial capitals and sub-provincial cities from 2014 to 2019.