长三角科技金融区域创新能力提升效果研究OACHSSCD

As the core region of China's economic and technological innovation,the coordinated development of sci-ence and technology finance and regional innovation in the Yangtze River Delta is of great significance for promoting high-quality economic growth.This study selects the effect of science and technology finance on promoting regional innovation capability in the Yangtze River Delta as its research object.Based on a nine-year panel data of 27 regions in the three provinces and one city in the Yangtze River Delta from 2015 to 2023,the two-way fixed effect model is constructed for empirical analysis to explore the impact and mechanism of science and technology finance on regional innovation capabil-ity.The study found that:the development of science and technology finance in the Yangtze River Delta is conducive to promoting regional innovation capabilities;the promotion of regional innovation ability by science and technology finance presents regional heterogeneity,and the driving effect of Zhejiang and Anhui is obvious;science and technology finance in the Yangtze River Delta promotes the optimal allocation of capital by increasing R&D investment and improving hu-man capital level,thus significantly promoting regional innovation output.