Journal of Shanghai University(Natural Science Edition) ›› 2021, Vol. 27 ›› Issue (4): 785-794.doi: 10.12066/j.issn.1007-2861.2169

• Research Articles • Previous Articles     Next Articles

Coupling synergy measure of Sci-Tech innovation and financial development in China: screening based on VIF-variation coefficient

ZHU Jiahui, YU Liying()   

  1. School of Management, Shanghai University, Shanghai 200444, China
  • Received:2019-03-27 Online:2021-08-20 Published:2021-07-22
  • Contact: YU Liying E-mail:yuliying@shu.edu.cn

Abstract:

A preliminary evaluation system consisting of 89 indicators was established based on the connotation of Sci-Tech innovation and financial development in China. The coupling synergy measurement indicator system was determined using data from 28 provinces and cities in China and the VIF-variation coefficient method. First, the coupling synergy measurement model for Sci-Tech innovation and financial development was constructed. Subsequently, the coupling synergy measurement and evaluation of the Sci-Tech innovation and financial development in China and 15 pilot areas in the past decade were conducted. The research showed that, overall, the comprehensive development indicator of China's Sci-Tech innovation and financial development was on the rise. The coupling degree of Sci-Tech innovation and financial development was low, and the coupling synergy degree gradually developed from high-level non-synergy to low-level synergy. Regionally, the degree of the pilot areas' coupling synergy had steadily increased and was higher than the overall level. The coupling synergy degree of eastern regions was higher than that of central and western regions. The results indicated that the development of Sci-Tech finance in the pilot areas was better. However, it was unsynchronised and unbalanced in the eastern, central, and western regions.

Key words: Sci-Tech innovation, financial development, VIF-variation coefficient method, indicator screening, coupling synergy

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