SCIENTIA GEOGRAPHICA SINICA ›› 2020, Vol. 40 ›› Issue (5): 751-759.doi: 10.13249/j.cnki.sgs.2020.05.009

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The Coupling Relationship Between Sci-tech Finance and Regional Economic Development in China

Zhang Zhiruo(), Gu Guofeng   

  1. School of Geographical Sciences, Northeast Normal University, Changchun 130024, Jilin, China
  • Received:2019-07-01 Revised:2019-09-10 Online:2020-05-10 Published:2020-08-18
  • Supported by:
    National Social Science Foundation of China(16BJL032);Key Cultivation Project of Philosophy and Social Sciences of Northeast Normal University(16ZD007)

Abstract:

In recent years, along with China’s growing ambitions to construct an innovative country and to leading economic power, sci-tech finance is receiving more and more attentions and has become one of the most essential engines of national social and economic development. Investigating optimum pattern of coupling and coordination of sci-tech finance system and regional economic development system is important and beneficial to their mutual and chronic growth in both micro- and macroeconomy levels. On the one hand, sci-tech finance gives rise to economic development by scientific and technological innovation; On the other hand, sci-tech finance contributes to realize the improvement and to upgrade of industrial structure by allocating of various resources, thereby to promote regional economic development. Coupling approaches have also been widely used in studying relationships between sci-tech finance and sci-tech innovation as well as regional economic development. However, there are few studies focusing on the interaction between sci-tech finance system and regional economic development system. Most of current studies regard sci-tech finance as merely an affiliated product of economic development. In order to better elucidate relationshipd between sci-tech finance and regional economic development, the evaluation system of coupling sci-tech finance and regional economic growth was established in this study based on 30 provinces and cities in China from 2005 to 2015. Using grey relative analysis (GRA), correlation and coupling levels of each element of the two systems were quantitively assessed. Coupling and coupling-coordinating degree models were then established and sorted according to the coupling and coordinating types of sci-tech finance and economic development. Temporal and spatial coupling characteristics of the two systems were subsequently analyzed. Results indicated that correlations between sci-tech for finance and economic development ranged from medium to high level during the study period. Sci-tech talent and grant were the two important factors that significantly drove the economic development. It was also found that sci-tech finance highly depended on both import and export trade. Within the study period, the coupling system between sci-tech finance and regional economic development experienced three stages, which fluctuated increased from 2005 to 2008, continuously decreased from 2008 to 2011, and slowly increased from 2011 to 2015, respectively. The coupling and coordinating degree between sci-tech finance and economic development was at the initial stage and represented significant regional differences, with the ‘three step descending’ variation law of ‘coastal area -the Yangtze River Economic Belt-inland area’, and with the spatial pattern of high degree in eastern and central regions and low degree in western, southern and northern regions. Based on all results above, suggestions were finally presented in terms of further improving benign interaction of the coupling and coordination systems.

Key words: sci-tech finance, regional economic development, grey relative analysis, relative degree, coupling coordinating degree

CLC Number: 

  • F830/F061.5