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| The Double Characteristics of Financial Agglomeration on Science and Technology Innovation Efficiency |
| Xiu Guoyi,Zhu Yue,Liu Yi |
| （School of Economics and Management, Harbin University of Science and Technology, Harbin 150040,China） |
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Abstract Based on the provincial panel data of China from 2005 to 2016, using panel threshold model and spatial Durbin model to test the relationship between financial agglomeration and science and technology innovation efficiency. The results show that there is a nonlinear relationship between the regional financial agglomeration and the science and technology innovation efficiency, the threshold effect is significant, financial agglomeration has different stages in supporting the science and technology innovation efficiency; By measuring the Moran's I index shows that financial agglomeration and science and technology innovation efficiency have a synergistic change trend in space; Government scientific and technological support, human capital reserve and openness can promote the science and technology innovation efficiency.
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Received: 13 March 2019
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