Financial Support to Innovation of Science and Technology in Anhui Province
AN Yu-xia
Abstract
AN Yu-xia
Abstract
The system research of financial support issues to technological innovation is important in accelerating enterprise science and technological innovation development,establishing the innovative national targets,maintaining the economic and social stability and development.In this case of Anhui Province,combined with the data empirical study of technological innovation and financial support from 1993 to 2009,using unit root test,integration test and Granger causality test,we can draw the following conclusions: in Anhui Province,science and technology innovation and financial structures and innovative investment is related to long-term positive correlation;technological innovation and financial efficiency is a significant negative correlation.
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The system research of financial support issues to technological innovation is important in accelerating enterprise science and technological innovation development,establishing the innovative national targets,maintaining the economic and social stability and development.In this case of Anhui Province,combined with the data empirical study of technological innovation and financial support from 1993 to 2009,using unit root test,integration test and Granger causality test,we can draw the following conclusions: in Anhui Province,science and technology innovation and financial structures and innovative investment is related to long-term positive correlation;technological innovation and financial efficiency is a significant negative correlation.
Key concepts: Granger causality, Technology innovation, Investment (military), Financial innovation, Test (biology), Business, Financial stability, Empirical research