Author(s)

Zhangli Zhu and Ye Yang

Corresponding Author

Zhangli Zhu

Abstract

Finance and technology are the two major driving forces of national economic development [1]. While the research on the interaction mechanism between sci-tech finance and the elements of sci-tech innovation is still at a blank stage[2].In this paper, we first constructs a basic time series model, and then adopts econometric methods like cointegration test and Granger causality test to analyze the relationship between sci-tech finance and sci-tech innovation The test results show that the development of sci-tech finance can promote the progress of sci-tech innovation in China, but the effect is not obvious or significant enough. Finally, this study proposes the development strategies of sci-tech finance and sci-tech innovation in China

Keywords

Sci-tech Innovation, Sci-tech Finance, Interactive development, Granger causality test