金融集聚与实体经济高质量发展——基于技术创新的中介效应  

Financial Agglomeration and High-quality Development of the Real Economy-The Intermediary Effect Based on Technological Innovation

作　　者：李越 袁毅阳 

机构地区：[1]湖北工业大学经济与管理学院,湖北武汉430070

出　　处：《浙江金融》2023年第7期14-25,共12页Zhejiang Finance

摘　　要：基于我国2012~2021年31个省份的面板数据,运用固定效应模型、中介效应模型和门槛回归模型对金融集聚、技术创新与实体经济高质量发展三者之间的关系进行实证分析。研究表明:(1)金融集聚对实体经济高质量发展具有明显的促进作用;(2)金融集聚对实体经济高质量发展存在部分中介效应,其中技术创新为中介变量,并且金融集聚和技术创新两者之间存在相互中介效应;(3)金融集聚对实体经济高质量发展的影响存在着单一门槛,其中技术创新是门槛变量;(4)金融集聚对实体经济高质量发展的影响存在着区域异质性以及程度异质性。基于研究结果,提出政府应制定具有针对性的发展政策,助力我国实体经济高质量发展。The fixed-effect model,intermediary effect model,and threshold regression model are used to empirically investigate the relationship between financial agglomeration,technological innovation,and high-quality development of the real economy using panel data from 31 Chinese provinces from 2012 to 2021,and the results show that:(1)financial agglomeration has an obvious role in promoting the highquality development of the real economy;(2)Financial agglomeration has a partly intermediate impact on the real economy's high-quality growth,where technological innovation serves as an intermediary variable,and there is a reciprocal intermediary impact between financial agglomeration and technical innovation;(3)There is a single threshold for the impact of financial agglomeration on the high-quality development of the real economy,of which technological innovation is the threshold variable;(4)The effects of financial agglomeration on the high-quality growth of the real economy vary regionally and to varying degrees.Based on this,the government should put forth concentrated development strategies to support the real economy of China's growthat ahighlevel.

关 键 词：金融集聚 实体经济高质量发展 技术创新 中介效应 

分 类 号：F832.7[经济管理—金融学]