Research on the Spatiotemporal Differentiation and Influencing Factors of Science and Technology Financial Efficiency in Provincial-level:Evidence from Shandong
[Objective/Significance]This paper aims to explore the evaluation mechanism of STF efficiency.[Methods/Processes]By constructing a super-efficiency SBM model and a global Malmquist model,the study measured the efficiency of STF and its inter-annual changes and regional differences in various cities in Shandong Province.At the same time,the Tobit model was used to further analyze the factors that influence the efficiency of STF.[Limitations]This study has not been subdivided into specific technology financial instruments and means,and further in-depth research will be conducted in the next step.[Results/Conclusions]The results indicate that the efficiency of STF in Shandong Province has increased overall,but there are significant regional differences.Technological progress helps to narrow regional disparities.In terms of time dimension,from 2014 to 2017,the efficiency of most regions steadily increased,while from 2018 to 2022,the integration and linkage of the three major economic circles led to a fluctuating upward trend in efficiency.The degree of financial market development and digitization contributes to the improvement of STF efficiency in Shandong Province,while government and enterprise research investment is negatively correlated with STF efficiency.The diversified and scientific allocation of STF resources is a key issue that governments at all levels and the market must take into serious consideration.
Science and Technology FinanceAnalysis of Influencing FactorsSuper SBM ModelTobit Model
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