Evaluation of the Efficiency of Financial Investment in Science and Technology in Xi’an Metropolitan Area Research with Enhancement Strategies ()
ABSTRACT
This paper uses the super-efficient SBM-Malmquist-Tobit integrated model
to measure the efficiency of financial science and technology inputs in the
Xi’an metropolitan area from 2016 to 2020, explore the sources of inefficiency
in each city in the circle, decompose the total factor productivity of
financial science and technology inputs, and further explore the influencing
factors of financial science and technology input efficiency. It is found that: 1) the efficiency of
financial science and technology inputs in the Xi’an metropolitan area between
2016 and 2020 did not reach DEA, and there are evident and increasing gaps in
efficiency among cities; 2)
Xi’an has the highest efficiency level in the Xi’an metropolitan area and can
play the leading role as a core city to be classified as a high-efficiency
city. Xianyang, Tongchuan, and Yangling are mainly due to insufficient or
redundant inputs, which can be classified as input inefficiency. In contrast,
the inefficiency of Weinan is mainly influenced by insufficient outputs, which
can be classified as output inefficiency; 3) The change in technical efficiency is the main
reason for the change in total factor productivity in Xi’an Metropolitan Area.
The direction of change between the two is the same, showing the
characteristics of the mirror “N”-type change, first
subtracting and then increasing; The Technological Progress Change Index
maintained steady growth; 4) The
ratio of personnel in scientific research institutions and the number of
scientific research institutions, the proportion of total exports of high-tech
products in GDP, and the proportion of patents granted all positively affect
the efficiency of financial investment in science and technology. The summary
is that as each indicator increases, efficiency grows. The R&D investment
intensity and the fiscal share of science and technology will, to a certain
extent, constrain the development of the efficiency of budgetary science and
technology investment. The more the acquisition, the higher the efficiency.
Based on the above research findings, recommendations are made.
Share and Cite:
Gao, X. and Zhu, W. (2022) Evaluation of the Efficiency of Financial Investment in Science and Technology in Xi’an Metropolitan Area Research with Enhancement Strategies.
American Journal of Industrial and Business Management,
12, 1691-1707. doi:
10.4236/ajibm.2022.1211093.
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