金融结构市场化、技术创新与产业结构升级  

Financial Structure Marketization,Technical Innovation and Industrial Structure Upgrading

作　　者：邓创[1,2] 曹子雯 DENG Chuang;CAO Ziwen(Center for Quantitative Economics,Jilin University,Changchun 130012,China;Business School,Jilin University,Changchun 130012,China)

机构地区：[1]吉林大学数量经济研究中心,吉林长春130012 [2]吉林大学商学院,吉林长春130012

出　　处：《西安交通大学学报（社会科学版）》2020年第5期20-29,共10页Journal of Xi'an Jiaotong University：Social Sciences

基　　金：国家自然科学基金面上项目(71873056);教育部“春晖计划”合作科研项目;吉林省社会科学基金重点项目(2020A15);中央高校青年学术领袖培育计划(2019FRLX12)。

摘　　要：本文通过扩展包含金融结构的非平衡增长理论模型,探寻金融结构市场化对产业结构升级的影响机理,并采用中介效应检验和SV-TVP-FAVAR模型实证分析中国金融结构市场化与产业结构升级的关系。研究发现:金融结构市场化可以通过技术创新影响产业结构升级,但是这一传导机制具有阶段异质性:在该影响机制的第一阶段,金融结构市场化对技术创新的促进效应具有延时特性,且影响强度具有逐年递增的特征;在该影响机制的第二阶段,技术创新对产业结构升级的促进效应较为显著和稳定。本文从金融结构调整的角度为中国经济新常态时期的产业结构升级政策提供了理论依据和经验支撑。This paper analyzed the influence of financial structure marketization on industrial structure upgrading by adopting unbalanced growth model,and empirically analyzed the influence of financial structure marketization on industrial structure upgrading through intermediary effect test and SV-TVP-FAVAR model.The results showed that financial structure marketization can influence industrial structure upgrading through technological innovation,but the transmissions are different in two statges:in the first stage,the promotion effect of financial structure marketization on technological innovation has the characteristic of delay,and the influence intensity increased year by year.In the second stage,the promotion effect of technological innovation on industrial structure upgrading is significant and stable.Thus,this paper provides theoretical basis and empirical support for China’s industrial structure upgrading policy in the new normal period from the perspective of financial structure adjustment.

关 键 词：金融结构 产业结构升级 技术创新 非平衡增长理论模型 中介效应检验 SV-TVP-FAVAR模型 

分 类 号：F832[经济管理—金融学] F124.3