Measuring the Coupling Coordination between Technological Innovation and Financial Development in Anhui Province
DOI:
https://doi.org/10.63313/EBM.9209Keywords:
Technological innovation, Financial development, Coupling model, Entropy weight methodAbstract
Integrating technology and finance drives regional economic expansion. Using municipal data from Anhui Province (2012–2020), we construct an evaluation index via the entropy weight method and apply a coupling coordination model to track system evolution. The analysis reveals upward, albeit fluctuating, trajectories for both sectors. Notably, their relationship progressed from severe dysfunction to an advanced, technology-driven coupling. However, a pronounced spatial imbalance remains, ranking Central Anhui first, followed by the Southern and Northern regions. This study offers actionable evidence for narrowing inter-city divides and guiding targeted regional reforms.
References
[1] Maudos J and Guevara D F J. (2015) The economic impact of European financial integration: The importance of the banking union. The Spanish Review of Financial Economics,13(1)11-19.
[2] Wellalage H N and Fernandez V. (2019) Innovation and SME finance: Evidence from developing countries. International Review of Financial Analysis,66(C)101370.
[3] Hsu P H, Tian X and Xu Y. (2014) Financial development and innovation: Cross-country evidence. Journal of financial economics, 112(1): 116-135.
[4] Zhu W L and Hong G X. (2015) An empirical study on financial support for technological innovation. Journal of Anhui University of Technology (Social Sciences), 32(4): 21-23.
[5] Berger A N. (2003) The economic effects of technological progress: Evidence from the banking industry. Journal of money, credit and banking, 35(2): 141-176.
[6] Aricò S. (2014) The contribution of the sciences, technology and innovation to sustainable development: The application of sustainability science from the perspective of UNESCO's experience. Sustainability science, 9(4): 453-462.
[7] Bai J C, Gao Z A, Zhang L X, Yan X and Chen Z L. (2020) Does technological innovation empower financial development? An empirical study based on the threshold effect of the Yangtze River Economic Belt. Science and technology management research, 40(20): 83-91.
[8] Yuan Y and Chen L J. (2014) The coupling mechanism and policy recommendations of technological innovation and financial development. Science and technology management research, 34(20): 14-17.
[9] Wang R X and Yang M. (2015) The coupling relationship between technological innovation and financial innovation and its impact on economic efficiency: Empirical evidence from 35 countries. Soft science, 29(1): 33-36, 41.
[10] Zhu J H and Yu L Y. (2021) The coupling and synergy measure of technological innovation and financial development in China: Based on the screening of VIF-coefficient of variation. Journal of Shanghai University (Natural science edition), 27(4): 785-794.
[11] Hua Y F and Ding M Z. (2021) Research on the coupling mechanism of technological innovation, financial development and industrial transformation in Anhui province. Journal of Wuxi Institute of Commerce, 21(3),27-33.
[12] He Y and Bei Z X. (2019) A study on the coupling of technological innovation and financial development in the Yangtze River Delta economic circle. Technology economics and management research, (3): 20-24.
[13] Wang H T, Liu J and Lei D. (2014) Research on the functional positioning of science and technology finance in the coupled development process of new and old industries. Management world, (2): 178-179.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 by author(s) and Erytis Publishing Limited

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.







