Author(s)

Zhang Pu, Qiu Tian, Zhang Jiangpeng

Corresponding Author

Zhang Pu

Abstract

This paper is mainly to solve the financial problems in technological innovation. Using the panal data with 29 China provinces (excluding Tibet and Xinjiang) from 2003 to 2013, the paper analyses the effects of technology on financial innovation, the data error is less than ordinary method. The technology innovation can be divided into three stages: technology innovation, technology transformation and industrialization of high technology, financial technology will be divided into two aspects: public finance and technology financial market technology. The results show that different stages and technological finance have different effects on technological innovation and functions. Finally, some policy suggestions are put forward.

Keywords

Panel model, three stage of technology innovation, technology finance investment.