The Time Gap between Fiscal Investment and Regional Innovation Output——The Analysis of VAR Model Based on Time Series Data
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Abstract With knowledge function and the VAR model, the author analyzes the time lag phenomenon between the financial technology investment and regional innovation output, using the data of financial technology investment in Henan Province during 1995-2014. The results show that the financial investment in science and technology has a significant impact on enhancing regional independent innovation capability, but there is an obvious time-lag between them. Therefore, the government should pay attention to the promotion effect of the knowledge stock on regional innovation, and increase investment in basic research areas, and make up for the short-term tendency of enterprise funds and financial funds with long-term and stable scientific financial support.
HU Zai-Ming. The Time Gap between Fiscal Investment and Regional Innovation Output——The Analysis of VAR Model Based on Time Series Data. Economic Survey, 2017, 34(3): 0141.
2017, Vol. 34 
