数字金融助推新质生产力发展的机制与效应  

Mechanism of Digital Finance and its Effect on Promoting the Development of New-Quality Productivity

作　　者：和向朝[1] 侯佳璇 HE Xiangchao;HOU Jiaxuan(School of Management,Yunnan Normal University,Kunming 650092,China)

机构地区：[1]云南师范大学管理学院,云南昆明650092

出　　处：《云南师范大学学报（哲学社会科学版）》2024年第5期66-79,共14页Journal of Yunnan Normal University：Humanities and Social Sciences Edition

摘　　要：党的二十届三中全会要求“健全因地制宜发展新质生产力体制机制”。如何利用数字金融助推新质生产力发展成为较为重要的问题之一。文章基于2013~2022年中国30个省区市的面板数据,借助双向固定效应模型、中介效应模型以及门槛模型实证检验数字金融对新质生产力的影响效应,研究结果表明:数字金融对新质生产力发展具有显著正向促进效应,并呈现“西部>东部>东北>中部”的差异性格局;数字金融能够通过微观上促进企业科技进步、中观上加快产业结构升级、宏观上提高区域创新水平来助推新质生产力发展;数字金融对新质生产力发展存在“边际效应递增”的非线性影响,且金融集聚调节了这一作用。因此,应完善数字金融基础建设、发挥创新主导作用、着力构建区域协同机制,为推动新质生产力可持续发展注入蓬勃动能。China is in a critical period of social transformation,and how to use digital finance to help the development of new-quality productivity has become an urgent issue.Based on the panel data of 30 provinces in China from 2013 to 2022,the article empirically examines the impact of digital finance on new-quality productivity with the help of the two-way fixed effect model,the mediational effect model and the threshold model,and has the following conclusions:digital finance has a significant positive effect on the development of new-quality productivity and presents a differential pattern of“West>East>Northeast>Central”;digital finance can promote the development of new-quality productivity by promoting the scientific and technological progress of enterprises at the micro level,accelerating the upgrading of the industrial structure at the meso level,and improving the level of regional innovation at the macro level;there exists a non-linear effect of“increasing marginal utility”of digital finance on the development of new-quality productivity,and financial agglomeration regulates this effect.Therefore,it is necessary to improve the infrastructure of digital finance,make innovation play a leading role,and spare no effort to build a regional synergic mechanism so as to inject dynamic energy into the sustainable development of high-quality productivity.

关 键 词：数字金融 新质生产力 企业科技进步 产业结构升级 区域创新水平 

分 类 号：F832[经济管理—金融学] F061.1