摘要
采用向量自回归模型,根据1991—2011年相关数据对我国科技创新的科技金融支持的动态贡献进行了实证研究。结果表明,证券市场筹资、中长期信贷与科技创新正相关,对科技创新具有显著的促进作用;在冲击效应的存续时间方面,长期内证券市场筹资与中长期信贷对科技创新效果均具有正效应,证券市场筹资对科技创新的成果转化和产业化阶段作用较为明显,中长期信贷对研发阶段与成果转化阶段的作用显著。
This paper analyzes the effect of financial policy on sci - tech innovation based on Vector Auto - regressive mod- el （VAR） from 1991 to 2011. The results show that securities market, medium and long loan, sci -tech innovation are positively related, all of which have a significant role in promoting sci - tech innovation ; in the duration of the effect, both securities market and medium and long loan have a positive effect in a long term, and the effect of securities market mainly imposes on achievement transformation and industrialization; medium and long loan have a significant effect on development and achievement transformation.
出处
《科技管理研究》
CSSCI
北大核心
2014年第8期60-64,共5页
Science and Technology Management Research
基金
国家软科学技术项目"军民结合创新体系知识产权战略管理系统及政策研究"(2010GXS5B173)
