统计与数据科学学院知识库

At present, our country is facing a critical period from a manufacturing power to a manufacturing power, and venture capital is gradually occupying a more and more large position in various programs. Therefore, an all-round review of the mechanism innovation, effect assessment and path countermeasures of the deep-rooted problems of the "three modernization" coordinated development of manufacturing industry driven by venture capital has very important theoretical innovation and practical guiding significance for scientifically and reasonably guiding the structural adjustment and high-quality development of China's manufacturing industry, and pushing the improvement of China's manufacturing technology research, core technology research and innovation system.

Through systematic integration of domestic and foreign related literature,this paper systematically studies the mechanism of venture capital's impact on the "three modernization" coordinated development of manufacturing industry from both theoretical and empirical aspects:(1) In terms of theoretical analysis, on the basis of existing literature and related theories, this paper constructs a theoretical analysis framework of venture capital driving the "three modernization" coordinated development of manufacturing industry, and analyzes its mechanism in depth. The research shows that venture capital can not only promote the "three modernization" coordinated development of manufacturing industry through the direct promotion role, but also promote the "three modernization" coordinated development of manufacturing industry through the three intermediary paths of industrial chain, innovation chain and capital chain. These results provide a theoretical basis for the empirical test. (2) In terms of empirical test, this paper takes the provincial panel data of 30 provinces (municipalities and autonomous regions) from 2008 to 2021 as research samples to carry out an empirical test on the mechanism of the impact of venture capital on the "three modernization" coordinated development of manufacturing industry. According to the research results: (1) The "three modernization" coordinated development of manufacturing industry has been improved obviously, and has a good development trend;However, the difference at the regional level is obvious, and gradually shows a law of strong south and weak north. (2) Venture capital itself can significantly promote the level of the "three modernization" coordinated development of manufacturing industry, and it has heterogeneity, with the utility size being central > western > eastern. (3) Industrial chain and capital chain play a partial mediating role between venture capital and the "three modernization" coordinated development of manufacturing industry, and innovation chain plays a complete mediating role between venture capital and the "three modernization" coordinated development of manufacturing industry. (4) There is a spatial agglomeration phenomenon in the level of "three modernization" coordinated development of China's manufacturing industry; The level of venture capital has a significant spatial spillover effect on the level of "three modernization" coordinated development of manufacturing industry.These empirical test results confirm the research hypothesis proposed in the theoretical analysis, and provide an empirical basis for further exploring the impact of venture capital on the "three modernization" coordinated development of manufacturing industry. Therefore, the corresponding policy suggestions are put forward: promoting multi-level construction and promoting the development of venture capital; Accelerate the development of industrial chain, promote industrial linkage and factor agglomeration; Accelerate the improvement of innovation chain, promote enterprise innovation and Progress; promote the development of capital chain, create a "leading" capital system; Cultivate excellent industrial clusters with leading power, and escort the "three modernization" coordinated development of manufacturing industry.