数字金融发展对FDI流入的动态驱动效应研究  

Research on the Driving Eff ect of Digital Finance Development on FDI Infl ow

作　　者：吴炜龙 Wu Weilong(Qinghai Minzu University,Xining,Qinghai 810007)

机构地区：[1]青海民族大学,青海西宁810007

出　　处：《中国商论》2025年第6期116-120,共5页China Journal of Commerce

基　　金：青海民族大学校级基金项目“数字金融发展对FDI流入的动态驱动效应研究”(65M2024058)。

摘　　要：本文基于2011—2023年中国29个省份的面板数据,实证检验了数字金融发展对外商直接投资(FDI)的动态驱动效应。研究发现,数字金融发展对FDI流入具有显著的正向驱动作用;从调节效应来看,政府支出在数字金融发展对FDI的驱动过程中发挥负向调节作用,而地区教育水平则产生正向调节作用;就异质性而言,数字金融发展对FDI流入的驱动作用在中国存在显著区域差异,具体表现为中西部经济发展相对较弱的地区,数字金融发展对FDI流入的驱动效应更为显著。The article empirically tests the dynamic driving effect of digital finance development on foreign direct investment(FDI)based on panel data from 29 provinces in China from 2011 to 2023.Research has found that digital finance significantly promotes FDI infl ows.In terms of regulatory effects,government spending has a negative regulatory effect on the impact of digital finance on FDI infl ows,while regional education levels have a positive regulatory effect;In terms of heterogeneity,there is regional heterogeneity in the impact of digital finance on FDI infl ows in China,specifically manifested in the more significant impact of digital finance development on attracting FDI infl ows in regions with weaker economic development in the central and western regions.

关 键 词：数字金融 外商直接投资 政府支出 教育水平 区域异质性 

分 类 号：F832.1[经济管理—金融学]