金融综合改革试验区设立对城乡融合的影响  

The Impact of Establishing Financial Comprehensive Reform Pilot Zones on Urban-rural Integration

作　　者：许骞[1] 李梦晗 XU Qian;LI Meng-han

机构地区：[1]中国农业大学经济管理学院 [2]重庆工商大学金融学院

出　　处：《农村金融研究》2025年第3期35-49,共15页Rural Finance Research

基　　金：教育部人文社会科学研究一般项目“‘双碳’目标下数字经济赋能制造业转型升级的机理与对策研究”(编号:23YJA790095)的研究成果。

摘　　要：城乡融合发展作为推进中国式现代化建设的重要一环,是破除城乡二元结构、拓展高质量发展空间、实现全体人民共同富裕的关键抓手。金融综合改革试验区是我国深化金融改革的创新尝试,但现有文献对其促进城乡融合影响的研究较少。论文基于2008—2021年间中国地级市层面面板数据,采用多时点双重差分法,探究了金融综合改革试验区的设立对城乡融合发展水平的影响和作用机制以及异质性影响。研究结果表明:金融综合改革试验区的设立对提升城乡融合发展水平有显著的正向影响,在考虑内生性问题且经过一系列稳健性检验后,该结论依旧成立;异质性分析表明,金融综合改革试验区的设立对城乡融合发展水平的推动作用在东部和西部地区、市场化程度较高的地区更为显著;从影响机制上来看,金融综合改革试验区的设立通过提高信贷可得性和促进产业结构升级来提升城乡融合发展水平。因此,持续深化金融供给侧结构性改革、加大金融综合改革力度,对于金融促进城乡融合发展水平至关重要。As an important part of promoting Chinese path to modernization,urban-rural integrated development is the key to break the urban-rural dual structure,expand high-quality development space,and achieve common prosperity for all people.The pilot zone for comprehensive financial reform is an innovative attempt to deepen financial reform in China,but there is limited research on its impact on promoting urban-rural integration in existing literature.The paper is based on panel data from prefecture-level cities in China between 2008 and 2021,and uses a multi time point double difference method to explore the impact and mechanism of the establishment of financial comprehensive reform pilot zones on the level of urban-rural integration development,as well as their heterogeneous effects.The research results indicate that the establishment of financial comprehensive reform pilot zones has a significant positive impact on improving the level of urban-rural integration development.After considering endogeneity issues and conducting a series of robustness tests,this conclusion still holds true;Heterogeneity analysis shows that the establishment of financial comprehensive reform pilot zones has a more significant promoting effect on the level of urban-rural integration development in the eastern and western regions,as well as in areas with a higher degree of marketization;From the perspective of the impact mechanism,the establishment of the financial comprehensive reform pilot zone enhances the level of urban-rural integration development by improving credit accessibility and promoting industrial structure upgrading.Therefore,continuously deepening the supply side structural reform of finance and increasing the comprehensive reform of finance are crucial for promoting the level of urban-rural integration development through finance.

关 键 词：金融综合改革试验区 城乡融合发展水平 信贷可得性 产业结构升级 市场化程度 

分 类 号：F832[经济管理—金融学] F299.2