金融科技、信贷供给与中国工业增长  

Financial Technology,Credit Supply and Industrial Growth in China

作　　者：赵晶 张海洋[1,3] 张然 朱雯 ZHAO Jing;ZHANG Hai-yang;ZHANG Ran;ZHU Wen

机构地区：[1]对外经济贸易大学金融学院 [2]华北理工大学经济管理学院 [3]北京大学数字金融研究中心,北京100029 [4]中国建设银行总行

出　　处：《金融论坛》2023年第7期3-14,共12页Finance Forum

基　　金：对外经济贸易大学中央高校基本科研业务费专项资金(ZD5-03);北京大学数字金融研究中心课题资助。

摘　　要：本文基于中国287个地级城市的数据,分析金融科技发展缓解金融机构与企业间信息不对称,增加信贷供给的广度和深度,进而增加企业资金供给,促进工业增长的机制。研究结果表明:金融科技可通过增加贷款供给促进工业增长,在解决内生性问题后结论依旧稳健;异质性分析表明,金融科技在中部地区对工业发展的促进作用显著高于其他地区,对四、五线城市的作用弱于相对发达城市。Based on data of 287 prefecture-level cities in China,this paper analyzes the mechanism by which the development of financial technology alleviates information asymmetry between financial institutions and enterprises,increases the breadth and depth of credit supply,thereby increasing enterprise funding supply and promoting industrial growth.The research results indicate that the fintech can promote industrial growth by increasing loan supply,and the conclusion remains stable after solving endogeneity issues;the heterogeneity analysis shows that the fintech has a significantly higher promoting effect on industrial development in the central regions than in other regions,and its effect on fourth-and fifthtier cities is weaker than that of relatively developed cities.

关 键 词：金融科技 工业增长 信贷供给 

分 类 号：F832[经济管理—金融学] F424