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利用19992013年中国30个省市的面板数据,分别建立静态和动态空间面板模型,就金融发展与科技创新对实体经济增长的影响进行实证检验。结果表明,中国实体经济增长存在显著的正向空间相关性和异质性;金融发展和科技创新在短期和长期内均对实体经济增长具有显著的促进作用,但金融发展与科技创新的融合对实体经济增长的作用不显著,表明金融发展与科技创新之间融合互动不足,没有实现协调发展。因此,要充分发挥科技金融对实体经济增长的促进效应,不仅需要提高金融发展水平和科技创新水平,更需要提高金融与科技的融合深度和融合质量。
Abstract：By using the panel data of 30 provinces in China from 1999 to 2013,this paper sets up spatial panel econometric models from both static and dynamic angles to empirically study the impact that financial development and technological innovation have on regional real economic growth. The results indicate that: the regional real economic growths in China have significant positive spatial correlation and heterogeneity. Financial development and technological innovation can promote both long- term and short- term growth of regional real economy. But the interaction of financial development and technological innovation has no significant impact on regional real economic growth. It indicates that financial development and technological innovation have not achieved coordinated development due to lack of interaction. Therefore,to better promote real economic growth,both the level and the quality of interaction of financial development and technological innovation should be improved.
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①各省会城市间的距离数据来源于:http://www.geobytes.com/City Distance.htm。
①限于篇幅,两个拉格朗日乘数及其稳健性检验的具体结果没有列出。
②本文同样估计了混合效应、空间固定效应、时间固定效应下的空间计量模型,比较发现空间时间双向固定效应下的方程拟合度更好,且绝大多数解释变量更加显著。限于篇幅,此结果未予列出,感兴趣的读者可以向作者索要。
基本信息:
DOI：
中图分类号:F832;F273.1;F124.1
引用信息:
[1]张林.金融发展、科技创新与实体经济增长——基于空间计量的实证研究[J].金融经济学研究,2016,31(01):14-25.
基金信息:
国家社会科学基金重大项目(11&ZD141);国家社会科学基金青年项目(14CJY049)