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The Influence Mechanism of Sci-Tech and Finance Integration Policies on New-Quality Productivity in Chinese Cities - Based on DID Model
- 1 Sichuan University, Chengdu City, Sichuan Province, 610207, China
* Author to whom correspondence should be addressed.
Abstract
In the era of knowledge economy, technological progress is a key measure of national strength and a focal point of competition among nations. This paper utilizes data from 285 prefecture-level cities in China from 2009 to 2019, employing the Difference-in-Differences (DID) method to study the impact of policies combining technology and finance on local new quality productivity. The research indicates that the effective integration of technology and finance observably enhances the new quality productivity of prefecture-level cities, mainly achieved by improving regional innovation capabilities and optimizing industrial structures. Heterogeneity tests show that the impact of this integration varies across different regions, with more developed areas benefiting more, while less developed areas experience a lag effect. This may be related to factors such as regional resources, financial infrastructure, and types of industries. Further research will delve into the reasons for these differences and conduct mediation-heterogeneity analysis to propose more effective policy measures.
Keywords
Science and Technology Finance, New Productive Forces, Difference-in-Differences Model, Mechanism Analysis
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Cite this article
Liu,D. (2025). The Influence Mechanism of Sci-Tech and Finance Integration Policies on New-Quality Productivity in Chinese Cities - Based on DID Model. Advances in Economics, Management and Political Sciences,173,50-61.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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