资本市场对高技术产业发展作用的实证研究

发布时间：2017-12-30 18:36

本文关键词：资本市场对高技术产业发展作用的实证研究　出处：《华东政法大学》2013年硕士论文　论文类型：学位论文

【摘要】：经济全球化进程加快使得世界范围内的科技竞争日益激烈，在这一新的挑战与机遇面前，我国逐渐由劳动密集型向资本与技术密集型转变。虽然改革开放以来，我国的经济成就举世瞩目，尤其在制造业领域中国已成为全世界的制造工厂，然而制造业附加值低且技术水平与发达国家仍存在较大差距，，这为中国的可持续发展及进一步提高其在全球的经济地位造成了一定障碍。 20世纪80年代，我国推出“863计划”和“火炬计划”，以国家拨款和银行贷款形式向企业、研究开发机构、大学提供资金支持，以促进高技术产业的发展，这是我国资本市场支持高技术产业发展的开端。随着信息时代的到来，高技术产业作为国家的支柱产业其地位愈加不可替代，资本市场作为高技术产业融资的重要手段其作用也愈加凸显。特别是进入21世纪以来，经济发展对于自然资源的消耗日益严重，环境污染不断加剧，粗放型发展模式无法带来经济的可持续发展，研究资本市场对于高技术产业发展的作用具有更加现实的意义。本文在国内外相关研究成果的基础上研究我国特定情况下的资本市场对于高技术产业发展的作用。高技术产业方面采用国家统计局基于OECD高技术产业分类标准于《高技术产业统计分类目录》中公布的高技术产业划分类别；资本市场方面仅指经营期限在一年以上的中长期资金借贷和证券业务的金融市场，包括银行信贷市场、股票市场和债券市场。通过梳理近年来高技术产业发展现状、资本市场发展现状及资本市场对于高技术产业的支持现状，并在此基础上利用Eviews软件通过对我国1995至2011年资本市场与高技术产业相关数据进行实证分析，以进一步探讨资本市场对于高技术产业发展的作用。最后通过对实证结果进行分析，并尝试分别针对股票市场、银行信贷市场及债券市场提出相应的政策建议，以进一步发挥资本市场的作用来促进高技术产业的发展。
[Abstract]:Economic globalization makes the competition of science and technology in the world is becoming increasingly fierce, in the face of the new challenges and opportunities, China gradually change from labor-intensive to capital and technology intensive. Since the reform and opening up, China's economic achievements have attracted worldwide attention, especially in the manufacturing sector China has become a manufacturing plant in the world however, the low added value and manufacturing technology level and the developed countries there is still a large gap, the sustainable development and further improve the Chinese caused some obstacles in the global economy.
In 1980s, China launched the "863 Program" and "Torch Plan", to the enterprise with state funding and bank loans, research and development institutions, universities offer financial support, in order to promote the development of high-tech industry, this is the beginning of China's capital market to support the development of high-tech industry. With the advent of the information age, high technology industry as the country's pillar industry and its position increasingly irreplaceable, the capital market as an important means of financing of high technology industry and its role has become even more prominent. Especially since twenty-first Century, economic development for the consumption of natural resources is becoming increasingly serious, the aggravation of environmental pollution, extensive development mode cannot bring about the sustainable development of economy, the study of capital market has more realistic significance for the development of high-tech industry.
Based on the relevant research results at home and abroad on the specific situation in China's capital market for the development of high tech industry. High tech industry category of high technology industry by the National Bureau of Statistics announced OECD high technology industry classification standard based on "high tech industry statistical classification catalogue in the capital market only; the operating period of more than one year long-term funds and securities lending business in the financial markets, including bank credit market, stock market and bond market. By combing the current situation of the development of high technology industry in recent years, the development of capital market situation and capital market to support the status quo of the high-tech industry, and on this basis, on the basis of empirical analysis 1995 to 2011, China's capital market and high technology industry related data using Eviews software, to further explore the capital market for high technology industry The role of development.
Finally, through the analysis of the empirical results, and try to put forward corresponding policy recommendations for the stock market, the bank credit market and the bond market, in order to further play the role of the capital market to promote the development of high-tech industry.

【学位授予单位】：华东政法大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F124;F832.51

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