科技金融、技术转移与制造业价值链攀升  

Science and Technology Finance,Technology Transfer and the Upgrading of Manufacturing Value Chain

作　　者：李智[1] 董思睿 Li Zhi;Dong Sirui(School of Economics,Capital University of Economics and Trade,Beijing 100070,China)

机构地区：[1]首都经济贸易大学经济学院,北京100070

出　　处：《科技进步与对策》2024年第14期38-48,共11页Science & Technology Progress and Policy

基　　金：国家社会科学基金重点项目(17AJY002);首都经济贸易大学科技创新项目(2023KJCX087)。

摘　　要：在当前“双循环”新发展格局下,科技金融为破除我国制造业在全球价值链中的低端锁定提供了有力支撑。利用2011-2021年中国省级面板数据,从技术转移视角实证考察科技金融对制造业价值链攀升的影响。研究发现:科技金融能够促进制造业价值链攀升,且该促进作用表现出地区及来源异质性。一方面,科技金融对东部地区价值链攀升作用明显;另一方面,来自风险投资机构、资本市场、企业的科技金融投入对制造业价值链攀升有显著推动作用。在影响机制方面,技术转移在科技金融促进制造业价值链攀升的过程中发挥部分中介作用;对于不同来源的科技金融投入,技术转移的中介作用具有异质性。此外,科技金融对制造业价值链攀升的促进效应还具有非线性特征,当技术转移水平跨越门槛值时,促进效应才会凸显。China's manufacturing industry has gradually become deeply embedded in the global value chain and integrated into the global production network established by developed countries(or regions)and their transnational corporations,accompanied by a state of"low-end lock-in".This new economic paradigm of scientific and technological financial investment has a positive role in promoting technological innovation in the manufacturing industry,helping to crack the"low-end lock-in"of China's manufacturing industry in the global value chain,and upgrading the status of China's manufacturing industry in the global value chain.This paper integrates science and technology financial investment,technology transfer and manufacturing value chain upgrading within the same research framework,and delves into the role of the mechanism among the three.This paper utilizes China's provincial panel data from 2011—2021 to measure the technological complexity of manufacturing exports to measure the position of manufacturing in the global value chain,and then empirically examines the impact of science and technology financial inputs on the upgrading of the manufacturing value chain from the perspective of technology transfer.The study finds that(1)science and technology financial inputs can promote the climbing of the global value chain of the manufacturing industry;(2)the promotion effect of S&T financial inputs on the upgrading of manufacturing global value chain shows regional and source heterogeneity,i.e.,on the one hand,the promotion effect of S&T financial inputs on the upgrading of manufacturing value chain in the eastern region is more significant;on the other hand,S&T financial inputs originated from the venture capital,science and technology capital market,and the enterprises themselves have a more significant role in the promotion of manufacturing value chain upgrading;(3)the mediating effect test confirms that technology transfer plays a partly mediating role in the process of promoting the upgrading of manufacturing value chain

关 键 词：科技金融 技术复杂度 技术转移 制造业价值链 

分 类 号：F403.6[经济管理—产业经济]