Research On The Impact Of The Development Of Science And Technology Finance On Industrial Structure Upgrading In Guangdong Province

Under the new normal,China’s economic growth rate has slowed down significantly,and since 2015,the GDP growth rate has continued to be less than 10%,and China is in a critical period of transformation from high-speed development to high-quality development in the economic development model.The phenomenon of overcapacity in recent years shows that there were some problems in China’s industrial structure in the past.Therefore,how to transform the economic growth model,change the industrial layout,and accelerate the upgrading of the industrial structure is an important issue for China’s social and economic development.At present,as an important driving force for innovation,the development of science and technology finance can not only promote enterprises to transform technological innovation into technological achievements,but also adjust the layout of industrial institutions and promote the optimization and upgrading of industrial institutions.As a major economic province in China,Guangdong Province’s science and technology finance development level is in the forefront of China,and the relatively sound industrial system is also representative in the country,so it is of great practical significance to study the impact of Guangdong Province’s science and technology finance development on industrial structure upgrading.Firstly,this paper summarizes and sorts out the previous research,defines the concepts of science and technology finance and industrial structure upgrading,summarizes the relevant development theories,analyzes the relationship between science and technology finance and industrial structure,analyzes the mechanism of action between the two,and puts forward reasonable research hypotheses.Secondly,according to the definition of the concepts of science and technology finance and industrial structure upgrading,comprehensive scholars set up a reasonable index system,and selected the fixed panel model and intermediary utility model to empirically analyze the current situation of science and technology finance development and industrial structure upgrading in Guangdong Province.Finally,based on the results of the current situation analysis and empirical analysis,the conclusions of this paper are drawn,and reasonable countermeasures and suggestions are put forward according to the conclusions.Through the study of this paper,it is found that: first,the overall development of science and technology finance and the upgrading level of industrial structure in Guangdong Province are relatively good,but the specific conditions between prefectures and cities are inconsistent,and on the whole,the development of the Pearl River Delta region is similar due to the non-Pearl River Delta region,the development level of science and technology finance and the level of industrial structure upgrading;Second,the development of science and technology finance has a positive role in promoting the upgrading of industrial structure in Guangdong Province,and the promotion effect of science and technology finance investment on industrial structure upgrading is higher than that of science and technology finance output on industrial structure upgrading.Third,in the process of promoting the upgrading of industrial structure through science and technology finance,the intermediary variable of innovation has played part of the intermediary effect.