Patent System and Venture Capital Development—A Study Based on Spatial Spillover Effect
Promoting high-quality economic development requires the cultivation of new driving forces through technological innovation.The patent system and venture capital are two important factors in the process of technological innovation development,which are related to the effective transformation and application of scientific and technological achievements.In recent years,China's patent system and venture capital have shown significant aggregation and spatial agglom-eration phenomena.To clarify the relationship between the two and the regional differences in their development,this paper collects data from 29 provinces in China from 2007 to 2020,and conducts empirical research using economic indicators such as the number of patents and venture capital in each region.It is found that the evolution of the patent system under a pro-patent poli-cy has a significant promoting effect on the development of venture capital.However,due to re-gional economic and social development differences and different reactions to the evolution of the patent system in different regions,this effect is manifested as significant regional heterogeneity.
venture capitalpatent systeminnovation developmentspillover effectSEM model
万方数据
