数据要素如何影响金融与科技耦合结构?  

How do Data Elements Affect the Structure of Finance and Technology Coupling?

作　　者：王仁祥[1] 谢文君 WANG Ren-xiang;XIE Wen-jun(School of Economics,Wuhan University of Technology,Wuhan 430070,China)

机构地区：[1]武汉理工大学经济学院,武汉430070

出　　处：《研究与发展管理》2024年第5期26-38,共13页R&D Management

基　　金：国家社会科学基金一般项目“经济高质量发展背景下金融与科技耦合脆弱性及有效性研究”(21BJY253)。

摘　　要：金融与科技耦合发展是数字经济与实体经济融合发展的支撑力。当前,数字经济的高速发展为金融与科技的深度耦合提供了重要的新动能--数据要素。为探究数据要素对金融与科技耦合协调发展影响路径,以2007—2021年中国省际数据为样本,测算了金融与科技耦合协调度和数据要素发展水平,实证检验了数据要素对金融与科技耦合结构的作用机制和差异化影响。研究发现:数据要素显著促进了金融与科技耦合协调度的提升;相比于经济发展水平高的地区,数据要素更能促进经济发展水平低的地区耦合结构的改善;从金融与科技相对发展水平异质性角度来看,数据要素对金融与科技耦合结构的改善作用在金融发展水平高的地区体现得更为显著。影响机制表明:数据要素能够通过研发能力升级和融资能力升级提高金融与科技耦合协调度,从而改善二者的耦合结构。研究结论为中国未来数据要素市场化配置和金融与科技有效结合以服务经济高质量发展提供有益的政策启示。The coupling development of finance and technology is a supporting force for the integrated development of the digital economy and the real economy.Currently,the rapid development of digital economy has provided an important new motive force for the deep coupling of finance and technology—the data element.To explore the impact pathways of data elements on the coordinated development between finance and technology,it used provincial data of China from 2007 to 2021 to calculate the coordination degree between finance and technology and the development level of data elements.Through empirical testing,it examined the mechanism and differentiated impact of data elements on the structure of financial and technological coupling.The results show that data elements significantly enhance the coordinated integration of finance and technology.Compared to regions with higher levels of economic development,data elements are more effective in improving the coupling structure in regions with lower economic development levels.From the perspective of the heterogeneity of the relative levels of development of finance and technology,the role of data elements in enhancing the coupling structure is more pronounced in regions with higher levels of financial development.The influence mechanism suggests that data elements improve the structure of finance-technology coupling through the upgrading of R&D capability and financing capability,thus improving the coupling coordination of the two.It provides useful policy insights for China’s future market-oriented allocation of data elements and effective combination of finance and technology to serve high-quality economic development.

关 键 词：金融与科技耦合结构 数据要素 耦合协调度 研发能力 融资能力 

分 类 号：F124.3[经济管理—世界经济] G301[文化科学]