数字金融是否促进了县域产业结构升级?——基于网商银行进入农村市场的准自然实验  

Does Digital Finance Promote the Upgrading of County Industry Structure?A Quasi-natural Experiment Based on the Entry of MYbank into Rural Markets

作　　者：张正平[1,2] 赵魏兰 ZHANG Zhengping;ZHAO Weilan(School of Economics,Beijing Technology and Business University,Beijing 100048,China;Digital Finance Research Center,Beijing Technology and Business University,Beijing 100048,China)

机构地区：[1]北京工商大学经济学院,北京100048 [2]北京工商大学数字金融研究中心,北京100048

出　　处：《财经论丛》2024年第3期47-57,共11页Collected Essays on Finance and Economics

基　　金：国家自然科学基金项目(72373010);国家社会科学基金项目(22&ZD123;21&ZD115)。

摘　　要：近年来,数字金融在农村市场发展迅猛,有望成为推动县域产业结构升级的新动能,为推动我国县域产业结构升级提供了新的思路。本文以网商银行进入农村市场作为一项准自然实验,利用2013—2020年的县域数据构建多期双重差分模型,实证分析数字金融对县域产业结构升级的影响。研究发现:(1)数字金融显著促进了县域产业结构升级;(2)数字金融通过发挥数字技术优势,引导资金更多地流向第三产业来促进县域产业结构升级;数字金融通过促进消费结构升级来促进县域产业结构升级;(3)数字金融对南方县、非贫困县、传统信贷投入高的县产业结构升级的促进效果更大。上述研究结论为数字金融时代促进县域产业结构升级、推进乡村振兴战略的实现提供了重要的经验证据和政策启示。In recent years,digital finance has been developing rapidly in the rural market and is expected to become a new driving force to promote the upgrading of county industrial structure,providing new ideas for promoting the upgrading of county industrial structure in China.Therefore,this paper takes the entry of MYbank into the rural market as a quasi-natural experiment,and uses the county data from 2013 to 2020 to build a multi-period differential model to empirically analyze the impact of digital finance on the upgrading of county industrial structure.The findings are as follows:(1)Digital finance significantly promotesthe upgrading of county industrial structure.(2)Digital finance promotes the upgrading of county industry structure by giving full play to the advantages of digital technology and guiding more funds to flow to the tertiary industry;digital finance promotes the upgrading of county industry structure by promoting the upgrading of consumption structure.(3)In comparison,digital finance has greater promoting effect on the upgrading of county industry structure in southern counties,non-poor counties and counties with high traditional credit input.The above research conclusions provide important empirical evidence and policy enlightenment for promoting the upgrading of county industry structure and advancing the realization of rural revitalization strategy in the era of digital finance.

关 键 词：数字金融 县域 产业结构升级 引导资金流向 促进消费结构升级 

分 类 号：F830.2[经济管理—金融学]