Technology Finance,High-tech Industries and Economic Growth——An Analysis Based on Threshold Effect Mechanism
This study uses panel data from 30 provinces across China from 2011 to 2022 to explore the impact of technology finance on economic growth,examines the role of high-tech industry innovation in this process,and investigates the threshold effect of technology finance on economic growth.The research findings are as follows:(1)technology finance can effectively enhance regional economic growth,and the results remain robust after a series of stability tests;(2)mechanism analysis indicates that innovation in high-tech industries plays a partial mediation role in the impact of technology finance on economic growth;(3)the influence of technology finance on economic growth exhibits a non-linear characteristic with a single threshold effect.The study provides valuable policy insights for transforming production methods and achieving steady economic growth.