金融科技推动产业结构升级的理论与实证分析  

Theoretical and Empirical Analysis of Fintech Promoting Industrial Structure Upgrading

作　　者：张恩典 李湛[1] Zhang Endian;Li Zhan(Institute of Applied Economics,Shanghai Academy of Social Sciences,Shanghai 200020)

机构地区：[1]上海社会科学院应用经济研究所,上海200020

出　　处：《上海经济》2024年第5期69-83,共15页Shanghai Economy

基　　金：国家社会科学基金项目“现代中国区域经济发展模式与聚变理论研究”(项目编号:21FJLB014);2024年度上海市软科学基金研究重点项目“上海发展新质生产力的路径研究”(项目编号24692100800)。

摘　　要：随着金融科技在中国的持续创新与深化,已成为推动产业结构转型的重要力量。金融科技对产业结构的影响主要体现在两个方面:一是直接效应,体现在提升金融服务效率、降低成本以及促进新兴技术的应用,进而直接推动产业结构的优化升级;二是间接效应,通过促进金融业发展、扩大消费以及提升企业融资能力,间接推动产业结构的升级。实证分析方面,基于对中国地级市金融科技发展水平进行测算,采用了双向固定效应模型,检验结果显示,金融科技对产业结构的高级化具有显著的促进作用,尤其是在东部经济发达地区,金融科技的推动效应更加显著。同时,文章通过替代变量、滞后效应检验等方式,验证了结果的稳健性。通过中介效应分析,进一步证实了金融科技对金融业发展、消费扩大和企业融资的积极作用,从而间接推动了产业结构的优化。With the continuous innovation and deepening of fintech in China,it has become an important force in promoting the transformation of industrial structure.The impact of fintech on the industrial structure is mainly reflected in two aspects:First,the direct effect is reflected in improving financial service efficiency,reducing costs,and promoting the application of emerging technologies,thereby directly promoting the optimization and upgrading of the industrial structure.Second,the indirect effect indirectly promotes the upgrading of the industrial structure by promoting the development of the financial industry,expanding consumption,and enhancing the financing ability of enterprises.In terms of empirical analysis,based on the calculation of the development level of fintech in prefecture-level cities in China,a two-way fixed effects model is adopted.The test results show that fintech has a significant promoting effect on the sophistication of the industrial structure.Especially in the economically developed eastern regions,the promoting effect of fintech is more significant.At the same time,through alternative variables,lag effect tests,etc.,the article verifies the robustness of the results.Through mediation effect analysis,it is further confirmed that fintech has a positive effect on the development of the financial industry,consumption expansion,and enterprise financing,thereby indirectly promoting the optimization of the industrial structure.

关 键 词：金融科技 产业结构升级 中介效应 

分 类 号：F061.5[经济管理—政治经济学]