MATEC Web Conf.
Volume 227, 20182018 4th International Conference on Communication Technology (ICCT 2018)
|Number of page(s)||5|
|Section||Communication Technology and Information Engineering|
|Published online||14 November 2018|
Sci-tech Innovation, Financial Development and Economy Growth ——Empirical Analysis Based on Static and Dynamic Panel Data
Wuxi City College of Vocational Technology, Wuxi, Jiangsu Province, China
2 Jiangsu Asset Management Co. LTD, Wuxi, Jiangsu Province, China
a Rongrong Wei: email@example.com
The paper makes empirical analysis of the relationship between sci-tech innovation, financial development and economic growth in China’s Yangtze river economic belt by building panel data period fixed effect model of 11 provinces and cities in China’s Yangtze river economic belt from 2005 to 2015. Static panel analysis results show that financial development and sci-tech innovation in the east, middle and west of Yangtze river economic belt have significantly different effects on economic growth, the performance’s ordering of all provinces and cities in Yangtze river economic belt is east>middle>west; In system GMM(one-step),the ranking of financial development’s contribution to economic growth is financial development structure>financial development efficiency>financial development scale, financial development scale has lag effect on economic growth, and there is still much room for sci-tech innovation to drive economic growth.
© The Authors, published by EDP Sciences, 2018
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