The Regional Innovation Effect and Mechanism of Capital Matching: From the Perspective of Cultivating Innovation Ability

ZHONG Wen; ZHONG Chang-biao; ZHENG Ming-gui

Volume 36 Issue 1

Apr. 2021

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ZHONG Wen, ZHONG Chang-biao, ZHENG Ming-gui. The Regional Innovation Effect and Mechanism of Capital Matching: From the Perspective of Cultivating Innovation Ability[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(1): 50-60.

Citation:

ZHONG Wen, ZHONG Chang-biao, ZHENG Ming-gui. The Regional Innovation Effect and Mechanism of Capital Matching: From the Perspective of Cultivating Innovation Ability[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(1): 50-60.

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The Regional Innovation Effect and Mechanism of Capital Matching: From the Perspective of Cultivating Innovation Ability

1.
School of Economics and Management, Jiangxi University of Technology, Ganzhou 341000
2.
Business School, Yunnan University of Finance and Economics, Kunming 650221, China

Received Date: 2020-04-03
Available Online: 2021-04-15
Publish Date: 2021-01-28

Abstract

Abstract

Regional innovation is not only influenced by the quantity of capital accumulation, but also restricted by the quality of capital matching. On the basis of expanding the MRW model, the existence of the optimal match of "physical capital-human capital-social capital" and the relationship between innovation and output are analyzed theoretically; the analytical framework of the impact of capital matching on regional innovation ability is constructed from the perspective of innovation cultivation and the empirical test is carried out by using provincial panel data in China. The results show that the matching of capital will affect the cultivation of innovation ability, which will affect the improvement of regional innovation ability, and when physical capital, human capital and social capital are in the optimal proportion, the effectiveness of regional innovation will be maximized; the degree of capital matching coordination is positively proportional to the level of economic development, and the degree of capital matching coordination in China is generally on the rise, but with obvious regional differences that the degree in the eastern coastal regions is higher than the inland region, but the degree in the central region has a higher effect on the improvement of regional innovation ability than the eastern and western regions; capital matching achieves the greatest degree of explanation of regional innovation ability improvement through organizational innovation effect, second to regional innovation ability improvement through technological innovation effect, and the least degree of interpretation of regional innovation ability improvement through industrial innovation effect. The conclusion of this study is of great practical significance to exert the spillover effect of capital quality and the effect of technological progress and promote regional innovation and development.
- capital matching,
- regional innovation,
- quantity of capital accumulation,
- quality of capital matching,
- innovation cultivation,
- regional innovation ability,
- economic growth,
- innovation-driven

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References(32)

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