数字金融与中国统一大市场建设——来自255个地级及以上城市的经验证据  

Digital Finance and Construction of China's Unified Market——Empirical Evidence From 255 Cities At or Above Prefectural Level

作　　者：黄漫宇[1] 王浩旸 HUANG Man-yu;WANG Hao-yang

机构地区：[1]中南财经政法大学工商管理学院 [2]中南财经政法大学服务经济双循环发展研究中心,武汉430073

出　　处：《金融论坛》2023年第12期67-78,共12页Finance Forum

基　　金：国家社会科学基金重大项目“‘双循环’新格局下现代流通体系创新及高质量发展路径研究”(21&ZD120);中央高校基本科研业务费专项资金资助项目“数字化赋能全国统一大市场形成的机制、效应与路径研究”(2722023DD010)。

摘　　要：本文在采用相对价格法测算中国2011-2019年255个地级及以上城市商品市场一体化水平、资本要素市场一体化水平和劳动力要素市场一体化水平的基础上,运用纵横向拉开档次法测度全国统一大市场的建设水平,进而对数字金融影响全国统一大市场的建设进行实证分析。研究发现:数字金融推动全国统一大市场建设,而且这一影响效应在东部地区、强金融监管和高互联网普及率的城市中更大。在影响机制方面,数字金融通过提高流通效率、缓解融资约束和提升创新活跃度来加快全国统一大市场的建设。On the basis of using the relative price method to measure the level of commodity market integration,capital factor market integration,and labor factor market integration in 255 cities at or above prefecture level in China during 2011-2019,this paper uses the vertical and horizontal gradation method to measure the construction level of the national unified market,and then conducts empirical analysis on the impact of digital finance on the construction of the national unified market.Research finds that digital finance promotes the construction of a unified national market,and this impact is even greater in cities locating in eastern regions,with strong financial regulation and high internet penetration rates.In terms of impact mechanism,digital finance accelerates the construction of a unified national market by improving circula-tion efficiency,alleviating financing constraints,and enhancing innovation.

关 键 词：全国统一大市场 数字金融 流通效率 融资约束 创新 

分 类 号：F49[经济管理—产业经济] F832F123.9