Based on the data of provinces in the Yellow River Basin from 2003 to 2023,this paper explores the relationship between financial structure,innovation activities and high-quality economic development in the Yellow River Basin with the help of empirical models.The results show that the increasing proportion of indirect financing in the Yellow River Basin will have a negative impact on the high-quality economic development of the whole basin;The increasing proportion of indirect financing affects the high-quality development of basin economy mainly by inhibiting innovation activities;With the steady improvement of the quality level of regional economic development,the negative impact of the increase in the proportion of indirect financing will gradually weaken.In addition,the financial structure has a significant threshold effect on the quality of economic development in the Yellow River Basin.In view of this,the Yellow River Basin should accelerate the construction of a multi-level capital market and scientific and technological innovation system in order to promote high-quality economic development from both economic fundamentals and social outcomes.
financial structurescientific and technological innovationthe Yellow River Basinhigh-quality economic development
维普
万方数据
