金融科技对实体经济增长的影响研究  

Research on Fintech’s Impact on Real Economy Growth

作　　者：何涌 张影 He Yong;Zhang Ying(School of Economics and Trade,Hunan University of Technology,Zhuzhou 412007,China)

机构地区：[1]湖南工业大学经济与贸易学院,湖南株洲412007

出　　处：《金融理论探索》2023年第5期21-31,共11页Exploration of Financial Theory

基　　金：国家社会科学基金一般项目“金融科技的创新扩散、风险溢出与包容性监管研究”(22BJY109)。

摘　　要：基于2011—2021年省级面板数据,运用固定效应模型和中介效应检验模型,探究金融科技助力实体经济增长的内部实现方式以及作用机制。研究发现:金融科技发展有助于实体经济增长。进一步结构化分析发现,金融科技的覆盖广度对实体经济作用效果最好,使用深度次之,数字化程度最弱;第二产业受益程度最高,第三产业次之,第一产业最低。中介作用分析表明,金融科技发展能够通过增加科技创新投入和提高科技创新产出促进实体经济增长。调节作用分析表明,传统金融服务深度不足区域的金融科技促进效应更显著。Based on the provincial panel data from 2011 to 2021,using fixed effect model and intermediary effect test model,the paper explores the internal realization mode and mechanism of fintech development to help the growth of real economy.It is found that the development of fintech contributes to the growth of real economy.The structural analysis shows that the coverage and breadth of fintech have the best effect,followed by the depth of use and the weakest degree of digitalization.The secondary industry has the highest degree of benefit,the tertiary industry is the second and the primary industry is the lowest.The analysis of intermediary function shows that the development of fintech can promote the growth of real economy by increasing the input and output of technological innovation.The analysis of regulatory function shows that the promotion effect of fintech is more significant in areas where the depth of traditional financial services are insufficient.

关 键 词：金融科技 实体经济增长 科技创新 传统金融供给 

分 类 号：F832[经济管理—金融学]