The Impact of University Efficiency and Financial Development on Technology Transfer from the Perspective of Economic Innovation

Abstract

Based on the provincial panel data of 30 provinces in China from 2009 to 2018, this paper uses the system GMM estimation method to examine the impact of university efficiency and financial development on technology transfer from the perspective of economic innovation, and validates the hypotheses of theoretical analysis. The research results show that university efficiency may promote technology agglomeration, but significantly inhibit technology transfer, which is not conducive to directly promoting economic innovation; while financial development significantly promotes technology transfer, which is conducive to promoting economic innovation. Finally, based on the above conclusions, in order to better promote economic innovation and technology transfer, and promote the sustainable development of the national innovation system, this article puts forward corresponding policy recommendations.