金融集聚对经济高质量发展的影响效应与机制分析  

Analysis on the Impact and Mechanism of Financial Agglomeration on High-quality Economic Development

作　　者：滕咭君 张卫国[1] TENG Ji-jun;ZHANG Wei-guo

机构地区：[1]西南大学经济管理学院

出　　处：《改革》2024年第12期95-109,共15页Reform

基　　金：中宣部马克思主义理论研究和建设工程特别委托项目“区域协调发展和新型城镇化研究”(2021MYB016)。

摘　　要：高质量发展是全面建设社会主义现代化国家的首要任务。利用2001—2021年中国城市层面数据,实证检验金融集聚对经济高质量发展的影响。研究发现:金融集聚对经济高质量发展具有显著的促进作用;经过一系列稳健性检验和内生性问题处理后,这一结论依然可靠;金融集聚既能通过提升储蓄投资转化率、社会资金流动性和资本配置效率,又能通过提高R&D经费投入、技术创新水平和数字化程度,来显著促进经济高质量发展;异质性分析发现,在金融发展程度较高、人口密度较大、银行盈利水平较高和资金来源偏向私人住户的区域,金融集聚对经济高质量发展的促进作用更为明显。High-quality economic development is the primary task to achieve Chinese path to modernization.This article further selects city level data in China from 2001 to 2021 to empirically test the impact of financial agglomeration on high-quality economic development.Research has found that financial agglomeration has a significant positive promoting effect on high-quality economic development.And after a series of robustness and endogeneity issues,this conclusion is still reliable.Financial agglomeration can significantly improve the conversion rate of savings and investment,social capital liquidity,and capital allocation efficiency,as well as significantly promote R&D investment,technological innovation level,and digitalization degree,thereby significantly promoting high-quality economic development.Heterogeneity analysis found that in regions with higher levels of financial development,higher population density,higher levels of bank profitability,and regions with funding sources biased towards private households,financial agglomeration has a more significant promoting effect on high-quality economic development.

关 键 词：金融集聚 经济高质量发展 资本配置 技术创新 

分 类 号：F832[经济管理—金融学]