Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China

Research Article

Technology Credit, Technology Innovation and Industrial Structure Upgrading

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  • @INPROCEEDINGS{10.4108/eai.18-11-2022.2326744,
        author={Jiayi  Li and Shujun  Ye and Yuanxiang  Peng and Ming  Cheng},
        title={Technology Credit, Technology Innovation and Industrial Structure Upgrading},
        proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China},
        publisher={EAI},
        proceedings_a={ICEMME},
        year={2023},
        month={2},
        keywords={technology credit; industrial structure upgrading; patents; technological innovation},
        doi={10.4108/eai.18-11-2022.2326744}
    }
    
  • Jiayi Li
    Shujun Ye
    Yuanxiang Peng
    Ming Cheng
    Year: 2023
    Technology Credit, Technology Innovation and Industrial Structure Upgrading
    ICEMME
    EAI
    DOI: 10.4108/eai.18-11-2022.2326744
Jiayi Li1,*, Shujun Ye1, Yuanxiang Peng1, Ming Cheng2
  • 1: School of Beijing Jiaotong University
  • 2: Greatwall Wealth Insurance Asset Management Co.,Ltd
*Contact email: 793619129@qq.com

Abstract

Credit is the main source of financing for enterprises, and patent is an important output index of technological innovation. This paper focuses on the impact of Science and technology credit on industrial structure upgrading through technological innovation represented by three types of patents. Firstly, this paper researches the effect mechanism of technology credit on industrial structure through technological innovation. Secondly, using data from 30 provinces, municipalities and autonomous regions in China from 2009-2017 and building a GMM dynamic panel model to empirically test, it is concluded that :(1) China's technology credit has no significant effect on industrial structure, and the support of science and technology credit is insufficient. (2) The three types of patents have different effects on industrial structure upgrading. Invention patents can effectively promote the industrial structure upgrading, while utility model patents and design-type patents have no significant effect on industrial structure upgrading. (3) The effect of technology credit on the industrial structure through technological innovation is not obvious, and the development of science and technology banks is not perfect, and they cannot effectively improve the industrial structure through patent output.