金融科技对地区新质生产力的影响研究  

The Impact of FinTech on Regional New Quality Productive Forces

作　　者：葛文峰 徐阳 冉启英 Ge Wenfeng;Xu Yang;Ran Qiying(School of Economics and Management,Xinjiang University,Urumqi 830000,China;School of Business Economics,Shanghai Business College,Shanghai 200000,China;Center for Innovation Management Research of Xinjiang,Xinjiang University,Urumqi 830000,China)

机构地区：[1]新疆大学经济与管理学院,乌鲁木齐830000 [2]上海商学院商务经济学院,上海200000 [3]新疆大学新疆创新管理研究中心,乌鲁木齐830000

出　　处：《技术经济》2025年第4期57-71,共15页Journal of Technology Economics

基　　金：国家自然科学基金“西部地区节能潜力与实现机制研究”(71463057);新疆维吾尔自治区科技创新战略研究专项“新疆科技经费投入机制与绩效评价研究”(2021B04001-4)。

摘　　要：当前,中国正处于百年变局与新一轮科技革命的历史性交汇点,面临错综复杂的内外部环境,亟须形成和发展新质生产力。金融科技是深化金融供给侧结构性改革、构建现代金融体系的关键环节,也是助推地区新质生产力发展的重要引擎,为实现经济的高质量发展注入了巨大的动力。因此,考察金融科技对地区新质生产力的影响具有重要的现实意义。为此,以2012—2022年中国30个省份(因数据缺失,未包含西藏及港澳台地区)为研究样本,探讨了金融科技水平对地区新质生产力的影响,并检验了金融监管的调节效应。结果表明:①金融科技能够赋能地区新质生产力的发展,该结果经过替换被解释变量、更改样本时间跨度等一系列稳健性检验和缓解内生性问题后依旧成立。②金融科技对地区新质生产力的影响存在显著的异质性。具体而言,金融科技水平在东部地区和中西部地区均能显著促进新质生产力的发展,但在中西部地区的促进效应更为突出;在民间金融水平较低地区金融科技对新质生产力的促进作用更强;金融科技达到一定水平才对地区新质生产力产生促进作用。③金融监管对金融科技水平和地区新质生产力水平之间的关系起到正向调节作用。④金融科技水平对新质生产力的驱动效应存在非线性关系,其驱动效果受金融监管水平的约束。研究结论为促进金融科技发展,强化金融监管和提高地区新质生产力水平提供经验证据。China stands at the historic juncture of a century’s transformation and a fresh wave of scientific and technological revolution,confronted with complex domestic and foreign environments,and urgently requires the formation and enhancement of new quality productive forces.FinTech is recognized as a pivotal component in deepening the structural reform of the financial supply side and establishing a modern financial system,serving as a significant driver for the advancement of regional new quality productive forces and providing substantial impetus for achieving high-quality economic development.Consequently,investigating the impact of FinTech on regional new quality productive forces holds considerable practical importance.Taking 30 provinces(Due to the lack of data,the statistical data mentioned here do not include the Tibet Autonomous Region,the Hong Kong Special Administrative Region,the Macao Special Administrative Region and Taiwan Province.)in China from 2012 to 2022 as research samples,the influence of FinTech levels on regional new quality productive forces was explored.It identified and tested the moderating effect of financial regulation,leading to several conclusions.Firstly,FinTech is found to empower the development of regional new quality productive forces,with this finding remaining robust after various tests,including replacing explanatory variables,altering the sample time frame,and addressing endogeneity issues.Secondly,the analysis reveals heterogeneity across three dimensions:regional disparities,differences in private finance levels,and variations in regional finance levels.Specifically,FinTech significantly boosts new quality productive forces in both eastern and central-western regions,but the effect is more pronounced in the central and western regions.Additionally,FinTech has a greater impact on new quality productive forces in areas with lower levels of private finance.Lastly,FinTech needs to reach a certain threshold to exert a promotional effect on regional new quality productive forces

关 键 词：新质生产力 金融科技 金融监管 调节效应 门槛效应 

分 类 号：F124[经济管理—世界经济]