金融改革政策能否促进产业链现代化?——基于国家金融综合改革试验区政策的研究
Can Financial Reform Policies Promote the Modernization of the Industrial Chain?——A Study Based on the National Financial Comprehensive Reform Pilot Zone Policy
李晓龙 1张子怡 1郑强2
作者信息
- 1. 贵州财经大学大数据应用与经济学院(贵阳大数据金融学院)(贵阳,550025)
- 2. 重庆工商大学经济学院
- 折叠
摘要
本文以国家金融综合改革试验区的设立为准自然实验,基于2005-2021年中国277个地级城市面板数据,探讨国家金融综合改革试验区政策对产业链现代化的影响.研究表明,国家金融综合改革试验区政策显著促进了产业链现代化,且经过政策叠加效应检验、稳健性检验以及内生性处理后,该结论仍然成立.优化信贷可得性和提高信贷配置效率是该政策促进产业链现代化的主要传导渠道.相较于金融发展水平和市场化程度较低的城市,在金融发展水平和市场化程度较高的城市中实施国家金融综合改革试验区政策更加有助于提升产业链现代化水平.
Abstract
This paper examines the impact of the National Financial Comprehensive Reform Pilot Zone Policy on the modernization of the industrial chain,using the establishment of the pilot zone as a quasi-natural experiment and panel da-ta from 277 prefecture-level cities in China during 2005-2021.The empirical analysis demonstrates that the policy pro-motes the modernization of the industrial chain.This conclusion remains valid after conducting tests for policy superposi-tion effects,robustness,and endogeneity.The main channels through which this policy promotes industrial chain modern-ization are optimizing credit availability and improving credit allocation efficiency.Furthermore,implementing the National Financial Comprehensive Reform Pilot Zone Policy in cities with higher levels of financial development and marketization is found to be more effective in enhancing the modernization level of the industrial chain compared to cities with lower levels of financial development and marketization.
关键词
金融改革政策/产业链现代化/多期双重差分模型/国家金融综合改革试验区政策Key words
financial reform policy/modernization of the industrial chain/multi-period Difference-in-Difference model/National Financial Comprehensive Reform Pilot Zone Policy引用本文复制引用
出版年
2024
NETL
NSTL
万方数据