Sci-tech Finance, Industrial Structure Upgrading and Coordinated Regional Economic Development

As the global economy enters the era of knowledge economy, the crucial role of science and sci-tech finance in promoting regional economic development and industrial structure upgrading has become increasingly prominent. Using science and sci-tech finance as an entry point, this study aims to explore its impact mechanism on industrial structure upgrading and coordinated regional economic development, revealing the intrinsic relationship among these three factors. Based on panel data from 30 Chinese provinces during 2010-2022, this research employs literature review methodology, theoretical model analysis, and empirical regression models. The main findings indicate that science and sci-tech finance significantly accelerates industrial structure upgrading through optimizing resource allocation and promoting innovation; meanwhile, by alleviating financing constraints and enhancing capital efficiency, science and sci-tech finance plays a significant role in narrowing regional economic disparities and promoting coordinated development. Regional difference analysis demonstrates that the effects of science and sci-tech finance vary significantly across eastern, central, western, and northeastern regions. The research concludes that science and sci-tech finance policies should be further optimized to promote coordinated regional economic development according to local conditions, while enhancing the risk resistance capacity of industrial structure upgrading to achieve high-quality development.