关键词: 金融转型 , 技术创新 , 发展方式 , 转变

Abstract: This paper established an overlapping generations model to analyze the impacts of financial development on technological innovation and transition of economic growth pattern The results showed that in the early stage of economic development, as a country was far away from the world technological frontier, the optimal choice to promote technological progress was investment expansion and technology transfer When a developing country was getting closer to the world technology frontier, the main mode to promote technology progress would turn to innovation During the transition, the developing countrys financial development had a threshold effect because of the financial system in the previous stage upon which developing Countries depended to invest and the impulse of local government to maximize the growth within catching-up development strategies, the transition of growth pattern might be delayed .

Key words: financial transformation , technology innovation , growth pattern , transition