政府引导基金投资网络赋能区域创新发展:作用机制、现实问题与优化路径  

Government Guidance Fund Investment Network Empowering Regional Innovation Development:Mechanisms of Action,Practical Problems,and Optimization Pathways

作　　者：宋昌耀[1] 李国平 姚雨辰 Song Changyao;Li Guoping;Yao Yuchen

机构地区：[1]北京第二外国语学院旅游科学学院,北京100024 [2]北京大学首都发展研究院,北京100871 [3]北京第二外国语学院首都文化和旅游发展研究院,北京100024

出　　处：《区域经济评论》2025年第2期5-13,共9页Regional Economic Review

基　　金：国家自然科学基金青年项目“政府引导基金投资网络的时空演化特征与区域创新效应研究”(42201195);国家自然科学基金面上项目“主体行动视角下中国城市嵌入全球创新网络的过程、效应与机制研究”(42471198)。

摘　　要：政府引导基金作为区域创新发展的有力工具,应从开放、动态、系统的视角审视政府引导基金的区域创新效应,重点关注政府引导基金投资网络。政府引导基金投资网络赋能区域创新发展,涉及规模视角下的融资支持机制、资源整合机制、风险管理机制,开放视角下的返投赋能机制、信息传递机制、要素流动机制,动态视角下的选择效应机制、收益递增机制,系统视角下的环境优化机制、标识效应机制。然而,政府引导基金投资网络在赋能区域创新发展中存在规模性不足、开放性欠缺、非均衡性、效率低下等难题,受到政府与市场、收益与风险、短期与长期、经济与社会等关系的制约。应从耐心引导、开放透明、因地制宜、精益管理等方面对政府引导基金投资网络进行优化,从而高效、精准、全面地赋能区域创新发展。Government Guidance funds are powerful tools for empowering regional innovation development.They should be re-evaluated from an open,dynamic,and systematic perspective,with a focus on the innovation effects of the government guidance fund investment network.The government guidance fund investment network empowers regional innovation development by involving financing support mechanisms,resource integration mechanisms,and risk management mechanisms from a scale perspective;reinvestment empowerment mechanisms,information transmission mechanisms,and factor flow mechanisms from an openness perspective;selection effect mechanisms and incremental return mechanisms from a dynamic perspective;and environment optimization mechanisms and signaling effect mechanisms from a systematic perspective.However,many challenges in empowering regional innovation development through the government guidance fund investment network,including insufficient scale,openness issues,imbalances,and inefficiencies,constrained by the relationships between government and market,returns and risks,short-term and long-term,and economic and social factors.Optimizations should focus on patient guidance,openness and transparency,localized approaches,and lean management to achieve effective empowerment of regional innovation development through the government guidance fund investment network.

关 键 词：耐心资本 政府引导基金 投资网络 区域创新系统 

分 类 号：F061.5[经济管理—政治经济学]