Abstract
Taking the data of financial input and science-technology (S&T) output of 30 provinces and municipalities in China from 2015 to 2019 as samples, and based on the DEA-Malmquist model, the efficiency of S&T finance in China is calculated from provincial level and regional level respectively. The results show that the total factor productivity of S&T finance in China is on the rise from 2015 to 2019, and there are certain differences in the index and decomposition results of S&T finance in different regions.
Highlights
As China's economic development enters a new normal, demographic dividend is gradually declining, energy shortage and other issues are increasingly prominent, and the traditional economic development mode has faced a bottleneck stage
In recent years, the R&D investment intensity of the whole country is on the rise, the number of patent applications accepted in each region and the amount of regional contracts for technology output in the technology market are on the rise, which confirms the overall good situation of the combination of S&T and finance in China
This paper attempts to measure the efficiency of S&T finance in China from 2015 to 2019 from the perspective of S&T finance efficiency, and puts forward relevant policy suggestions to improve the efficiency of S&T finance according to the final conclusion
Summary
As China's economic development enters a new normal, demographic dividend is gradually declining, energy shortage and other issues are increasingly prominent, and the traditional economic development mode has faced a bottleneck stage. Transforming the economic development mode and promoting innovative economic development is an inevitable way to achieve further economic development under the new situation. Whether the increase of science and technology input can be better transformed into scientific and technological achievements with the help of finance, how to measure the efficiency level of S&T finance, and how to improve the efficiency of S&T finance in China have been increasingly concerned by the academic circle. This paper attempts to measure the efficiency of S&T finance in China from 2015 to 2019 from the perspective of S&T finance efficiency, and puts forward relevant policy suggestions to improve the efficiency of S&T finance according to the final conclusion
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