隐性金融分权、地方政府行为与产业结构升级  

Implicit Financial Decentralization,Local Government Behavior and Industrial Structure Upgrading

作　　者：李娟娟 林宜珍 李笃蒙 LI Juanjuan;LIN Yizhen;LI Dumeng(Business School,Northeast Normal University,Changchun 130117,China)

机构地区：[1]东北师范大学经济与管理学院,吉林长春130117

出　　处：《经济与管理评论》2025年第2期70-84,共15页Review of Economy and Management

基　　金：吉林省社会科学基金项目“吉林省财政可持续性综合评估与提升对策研究”(2021C35);吉林省教育厅科学研究重点项目“隐性金融分权对地方财政可持续性的影响研究:理论机制与实证检验”(JJKH20250240SK)。

摘　　要：产业结构升级是经济高质量发展的重要抓手,隐性金融分权及其影响下的地方政府行为对产业结构调整的影响愈发明显。基于我国省级面板数据构建隐性金融分权指标,采用非线性面板模型实证检验隐性金融分权及其影响下的地方政府行为对产业结构升级的影响。结果发现,隐性金融分权与产业结构升级二者之间存在显著的非线性关系,表现为隐性金融分权对产业结构升级的影响随着分权水平的提高而呈现“先促进后抑制”的趋势,且这种非线性关系在不同地区存在差异,从作用转变的时间看,隐性金融分权作用的拐点最早出现在欠发达地区,发达地区次之,次发达地区最晚。从作用机制来看,隐性金融分权背景下,地方政府通过基础设施投资偏好、土地融资依赖、信贷配置体制性偏好等渠道对产业结构升级产生“先促进后抑制”的作用效果。规范金融分权制度、削弱地方政府对金融资源的干预动机,对于推动产业结构升级具有重要意义。Industrial structure upgrading is an important hand for high-quality economic development,and the impact of implicit financial decentralization and local government behaviors under its influence on industrial structure adjustment has become more and more obvious.Based on China's provincial panel data,we construct implicit financial decentralization indexes and empirically test the impact of implicit financial decentralization and local government behavior under its influence on industrial structure upgrading by using nonlinear panel model.The results find that there is a significant non-linear relationship between implicit financial decentralization and industrial structure upgrading,which is manifested as the impact of implicit financial decentralization on industrial structure upgrading,with the increase of decentralization level,shows the trend of"promoting first and then inhibiting",and this non-linear relationship varies in different regions.From the perspective of the time of transition,the inflection point of the role of implicit financial decentralization appears the earliest in the less developed regions,followed by the developed regions,and the latest in the sub-developed regions.From the perspective of the mechanism,under the background of implicit financial decentralization,local governments produce the effect of"promoting and then inhibiting"industrial structure upgrading through the channels of infrastructure investment preference,land financing dependence,and institutional preference for credit allocation.It is of great significance to standardize the financial decentralization system and weaken the local government's motivation to intervene in financial resources so as to promote industrial structure upgrading.

关 键 词：隐性金融分权 产业结构升级 地方政府行为 金融资源配置 

分 类 号：F832.1[经济管理—金融学]