区域科技型中小企业自主创新金融支持体系研究——基于面板数据单位根和协整的分析

A Study on Financial Support for the Independent Innovation of SMEs

基于长江三角洲、珠江三角洲、东北老工业基地和内陆科技圈四个科技区域的数据,通过面板数据单位根检验,协整检验和误差修正模型,对这四个科技区域科技型中小企业自主创新与金融体系的长期关系和短期关系进行实证研究。结果显示,四个科技区域的金融体系均对科技型中小企业自主创新有长期的支持效应,但金融体系的短期支持效应有较大的区域差异,长江三角洲和珠江三角洲金融体系的短期支持效应显著,但有一定的时滞性,而东北老工业基地和内陆科技圈金融体系的短期支持效应不显著。

Based on the data of the Yangtse Delta, the Zhujiang Delta, the Northeast Old Industrial Base and the Interior Science and Technology Encircles, the authors use the unit root test, cointegration test and error correction models in panel data to empirically study both the long and short-term relations between the financial support system and the independent innovation of small and medium-sized technological enterprises in these four regions. The result shows that there is long-term supporting effect of financial system to the independent innova- tion of small and medium-sized enterprises in the four technical regions. However, the short-term supporting effect of the financial system in the Yangtse Delta and the Zhujiang Delta are significant although with a time lag, while in the Northeast Old Industrial Base and the Interior Science and Technology Encircles are not significant.