How do Government Behavior and Technological Innovation Affectthe Efficiency of Financial Services for the Real Economy?——An Empirical Study Based on the Four Metropolitan Areas of the Yangtze River Delta
At present,the imbalance in the allocation of financial resources among regions is prominent,and there are great differences in the efficiency of regional fi-nancial services to the real economy.Based on the relevant data from 2012 to 2022,taking the four metropolitan areas of the Yangtze River Delta as the research ob-ject,to measure the efficiency level and regional difference of financial services in real economy from the perspective of total factor productivity.This paper empirical-ly analyzes the impact of government behavior and technological innovation on the efficiency level of the real economy of financial services,and explores the differ-ences in different regions.It is found that strengthening technological innovation has a significant promoting effect on improving the efficiency of financial services in the real economy,while excessive government intervention will reduce the efficiency of financial services in the real economy.Based on the research conclusions,the follow-ing suggestions are put forward:To promote the inter-regional flow of financial re-sources and narrow the efficiency difference between regions.The government should intervenes moderately,transforming from"production government"to"service government".Guided by the financing needs of the real economy,encourage enterprises to continue technological innovation.Improve the financing structure of the real economy and increase the proportion of direct financing.
Yangtze River Delta Metropolitan AreaTotal Factor ProductivityGov-ernment ActionTechnological Innovation
万方数据
