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《R&D Management》 2017-01
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Financial Development,Spatial Correlation and Regional Innovation Output

LI Xiao-long;RAN Guang-he;ZHENG Wei;School of Economics and Business Administration,Chongqing University;School of Public Affairs,Chongqing University;  
Based on analyzing the influence mechanisms of financial development and spatial correlation on regional innovation output,it constructed a spatial weight matrix from the perspective of financial factor spatial fluidity,and made an empirically study by spatial econometrics with the provincial panel data from 1999 to 2013. The results show that the scale of financial development is conducive to expanding the scale of regional innovative production and then increasing output; the structure of financial development is conducive to completing optimization allocation of innovative resources and maximizing output; the efficiency of financial development is beneficial to perfecting financial conduction mechanism and alleviating the enterprises' financing costs of technical innovation,and improving the level of output. Such flows of financial capital and personnel among regions are helpful to deepen regional financial function,improve the ecological environment and eventually promote output spatial spillover and the level of whole. Finally,it put forwards corresponding policy recommendations.
【Fund】: 国家社会科学基金重大项目“金融产业经济学研究”(11&ZD141);国家社会科学基金青年项目“金融服务创新促进新型农业经营主体发展的长效机制研究”(14CJY049)
【CateGory Index】: F832;F124.3
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