A Study on the Intrinsic Mechanism of the Impact of Technology Finance on High Quality Economic Development

Renxiang Wang; Yuanfan Han

doi:10.54691/bcpbm.v45i.4946

Authors

Renxiang Wang
Yuanfan Han

DOI:

https://doi.org/10.54691/bcpbm.v45i.4946

Keywords:

Development of TF; economic quality development; intermediary effect.

Abstract

This paper investigates the effects of modern technology finance (TF) on sustainable and high quality economic development. It proposes an index system for modern science and TF and economic growth with social progress and constructs a financial resource allocation output-input index. By analyzing these indicators and applying relevant models, the research shows that an improvement in the development level of modern science and technology finance significantly impacts high-quality economic development positively. Through empirical analysis, the research finds that modern TF has significant positive effects on economic development quality. The development of modern TF enhances the efficiency of financial resource allocation and influences economic development quality. Therefore, there exists a path of "accelerated development of modern TF > continuous improvement of financial resource allocation efficiency > sustainable and high quality economic development."

Downloads

Download data is not yet available.

References

Zhao Changwen, Chen Chunfa, Tang Yingkai. Science and technology finance [M]. Beijing: Science Press, 2009.

Li Xindan, Shuang Langen. Science and Technology Finance - Theory and Practice [M]. Nanjing University Press, 2013.

Mao Dawei, Mao Youjia. The logic of science and technology finance [M]. China Finance Press, 2015.

Zhang Zixuan, Zhao Liping. Analysis of the threshold effect of science and technology finance development, technology innovation level and economic growth in each province - based on inter-provincial panel data from 2000-2015 [J]. Science and Technology Management Research, 2018, 38(05): 93-98.

Han Junhua, Han He Yang, Zhou Quan. Economic growth effect, operation mode and risk management path of science and technology financial innovation [J]. Science Management Research, 2018, 36(03): 102-105.

Zhang Teng, Liu Yang. The impact of science and technology finance on the quality of economic growth-an empirical study based on spatial econometric model [J]. Wuhan Finance, 2019, No.229(01): 25-31.

Lu Xiaodong. Does financial resource mismatch hinder China's economic growth [J]. Financial Studies. 2008, (4).55-68.

Zhao Qiang. An empirical analysis of the impact of financial resource allocation distortion on total factor productivity [J]. Henan social science, 2017(12).