With the Panel data of 30 provinces in China from 2011-2021 as the sample,the entropy method was used to measure the level of science and technology finance and the level of innovation and development of manufacturing industry in all regions of China,and the threshold regression model was further used to empirically test the nonlinear impact of science and technology finance on the innovation and development of manufacturing industry.Research shows that the impact of technology finance on the innovative development of manufacturing industry is based on the triple threshold effect of technology finance.With the increase of the threshold range of technology finance level,the positive promoting effect of technology finance on the innovative development of manufacturing industry is gradually increasing;There are very few samples in China where the level of science and technology finance is higher than the third threshold.therefore,from the perspective of accelerating the innovation and development of the manufacturing industry,there will be still significant room for improvement in China's science and technology finance level.Therefore,the government's support for the innovation and development of the manufacturing industry should be fully utilized;strive to improve the independent innovation and research and development capabilities of manufacturing enterprises themselves;effectively increase the support of financial institutions for the innovative development of the manufacturing industry.
TechFinmanufacturing innovation and developmententropy methodthreshold regression model
万方数据
