R&D Funding and Technological Innovation —— A Research Based Financing Environmental Perspective
<span lang="EN-GB">Based on data of China's 31 provinces for the year 2003-2014 with panel threshold regression method, we studied the relevance of R&D investment and technological innovation from the perspective of financing environmental. The results show that, R&D funding and technological innovation are significantly positive correlated, and the financial structure and financial support are also significantly positive correlated with the scientific and technological innovation, and the realization of technological innovation and foreign investment intensity are significantly negative correlated. The R&D investment and technological innovation have a higher correlation with higher market-driven degree and financial support degree. While the correlation between R&D investment and technological innovation is lower with foreign investment degree.</span>