数据要素市场化能否改善地区金融资源配置——基于多时点双重差分的验证  

Can Data Factor Marketization Improve Regional Financial Resource Allocation——Validation Based on Multi-period Difference-in-Difference

作　　者：景杰 刘玲雁 JING Jie;LIU Lingyan(School of Economics,Nanjing University of Posts and Telecommunications,Nanjing 210023,China)

机构地区：[1]南京邮电大学经济学院,南京210023

出　　处：《商业研究》2024年第5期38-48,共11页Commercial Research

基　　金：国家社科基金后期资助重点项目“数据资本及其对中国经济高质量发展的驱动效应研究”,项目编号:21FJYA003。

摘　　要：数据要素市场化促进数据高效流通,已成为改善地区金融资源配置、实现经济高质量发展的重要方式。本文选取我国284个地级市2010—2021年样本数据,基于数据要素交易场所或交易平台建立的外生冲击,采用多时点DID模型实证检验数据要素市场化对地区金融资源配置的影响效应和作用机制。研究发现,数据要素市场化显著提升了地区金融资源配置效率;机制检验发现,数据要素市场化通过改变地区金融科技水平、产业结构与金融开放环境影响金融资源配置。据此,应进一步完善数据要素市场化配置,加强金融资源供给侧改革,促进传统要素市场与数据要素市场融合发展。The marketization of data factors to promote the efficient circulation of data has become an important way to im⁃prove the allocation of regional financial resources and achieve high-quality economic development.This paper selects the sample data of 284 prefecture-level cities in China from 2010 to 2021,and empirically examines the effect and mech⁃anism of data factor marketization on the allocation of regional financial resources based on the exogenous shocks of the establishment of data factor trading venues or trading platforms by using a multi-temporal DID model.It is found that da⁃ta factor marketization significantly improves the efficiency of regional financial resource allocation;the mechanism test confirms that data factor marketization affects the allocation of financial resources by changing the level of regional finan⁃cial science and technology,industrial structure and financial open environment.The above conclusions indicate that the marketized allocation of data factors should be further improved,the supply-side reform of financial resources should be strengthened,and the integration of traditional factor market and data factor market should be promoted.

关 键 词：数据要素市场化 数据要素交易平台 金融资源配置 多时点双重差分 

分 类 号：F207[经济管理—国民经济] F208