政府行为和技术创新如何影响金融服务实体经济效率?——基于长三角四大都市圈的实证研究  

How do Government Behavior and Technological Innovation Affectthe Efficiency of Financial Services for the Real Economy?——An Empirical Study Based on the Four Metropolitan Areas of the Yangtze River Delta

作　　者：陈刚[1] 谷广清 吴晨曦 CHEN Gang;GU Guang-qing;WU Chen-xi(The People’s Bank of China,Anhui Provincial Branch;The People’s Bank of China,Fuyang City Branch)

机构地区：[1]中国人民银行安徽省分行,安徽合肥230091 [2]中国人民银行阜阳市分行,安徽阜阳236002

出　　处：《当代金融研究》2024年第8期20-32,共13页Journal of Contemporary Financial Research

摘　　要：当前区域间金融资源配置不平衡现象突出,地区金融服务实体经济效率存在较大差异。基于2012-2022年相关数据,以长三角四大都市圈为研究对象,从全要素生产率角度测算金融服务实体经济效率水平及区域差异;对政府行为和技术创新对金融服务实体经济效率水平的影响进行实证分析,并探究不同地区呈现的差异。研究发现,加强技术创新对提高金融服务实体经济效率有显著的促进作用,而政府过度干预则会降低金融服务实体经济效率。基于研究结论提出以下建议:促进金融资源跨区域流动,缩小地区间效率差异;政府适度干预,由“生产型政府”向“服务型政府”转型;以实体经济融资需求为导向,激励企业持续技术创新;改善实体经济融资结构,提高直接融资比重。At present,the imbalance in the allocation of financial resources among regions is prominent,and there are great differences in the efficiency of regional financial services to the real economy.Based on the relevant data from 2012 to 2022,taking the four metropolitan areas of the Yangtze River Delta as the research object,to measure the efficiency level and regional difference of financial services in real economy from the perspective of total factor productivity.This paper empirically analyzes the impact of government behavior and technological innovation on the efficiency level of the real economy of financial services,and explores the differences in different regions.It is found that strengthening technological innovation has a significant promoting effect on improving the efficiency of financial services in the real economy,while excessive government intervention will reduce the efficiency of financial services in the real economy.Based on the research conclusions,the following suggestions are put forward:To promote the inter-regional flow of financial resources and narrow the efficiency difference between regions.The government should intervenes moderately,transforming from“production government”to“service government”.Guided by the financing needs of the real economy,encourage enterprises to continue technological innovation.Improve the financing structure of the real economy and increase the proportion of direct financing.

关 键 词：长三角都市圈 全要素生产率 政府行为 技术创新 

分 类 号：F832.7[经济管理—金融学]