Research on the Mechanism of Government-guided Fund to the Innovation of New Quality Productivity
The development of new quality productive forces is the new kinetic energy and new racetrack for our country's socialist modernization drive and an important driving force for the great rejuvenation of the Chinese nation.Through the research,it is found that the government-guided fund has a relatively obvious direct promoting effect on the innovation of new quality productivity,and also promotes the innovation of new quality productivity through the leverage effect on social capital.Variables including local finance,taxation and subsidies,and property rights play a moderating effect on the relationship between"government-guided funds and new quality productivity innovation",and variables such as market-oriented management,the level of guided funds,and regional economic level play a moderating effect on the relationship between"government-guided funds and social capital".Finally,three policy suggestions are put forward to ensure the"government-guided fund to promote new quality productivity innovation":focusing on the investment demand of new quality productivity innovation,optimizing the top-level design of government-guided fund;guiding social capital to participate in industrial investment and jointly support the construction of industrial clusters;adhering to the operation principle of"government+market"and maintaining the balance between the policy side and the market side.