科技金融对创新效率影响的实证研究——基于中国高技术产业省级面板数据

基于中国东部、中部、西部以及全国2007~2016年高技术产业的省级面板数据，以科技经费投入和技术人力投入作为投入指标，以专利数量和新产品的产值作为产出指标，首先使用DEA方法计算了不同地区高技术产业的创新效率。以企业自主创新投入、政府支持、科技信贷和风投支持作为科技金融指标，使用面板模型实证分析了科技金融对于高技术产业创新效率的影响。结果表明，考察期内，中国不同地区高技术产业的创新效率均有所提升；科技金融的发展在一定程度上提升了高技术产业的创新效率，但是外商直接投资对于创新效率产生了一定的抑制作用。最后针对本文结论提出了相关建议。

An Empirical Research on the Impact of China's Science and Technology Financial System on Scientific and Technological Innovation

Based on the data of eastern, central, western and the national 2007-2016 provincial panel data of China, first, with the scientific and technological funds and technical manpower as the index, the quantity of patents and the output value of new products as indicators of output, the innovation efficiency of high-tech industries in different regions is calculated by using the DEA method. Then, with independent innovation investment, government support, scienti?c and technological credit and venture capital support as the ?nancial indicators of science and technology we analyze the impact of Technology Finance on the innovation ef?ciency of high-tech industries based on panel model. The results show that the innovation ef?ciency of different regions in our country has been improved. To a certain extent, the development of Technology and Finance has promoted the innovation ef?ciency of high technology industry. But the FDI has inhibited the innovation ef?ciency. At the end of this paper some advisable suggestions for this articles research result are offered.