Research on the Influence Mechanism of Credit Scale on Regional Innovation Efficiency
Regional innovation efficiency is an important support for regional high-quality development and a necessary guarantee for industrial optimization and upgrading.The modern market economy is credit economy and credit activities are playing an increasingly important role in economic development.In order to measure the intrinsic mechanism of how the credit scale by various credit entities affects the regional innovation efficiency,283 Chinese cities from 2008 to 2022 were selected as research samples to analyze the influence mechanism of total credit scale and its sub-components on regional innovation efficiency from both theoretical and empirical perspectives.The research results show that:First,credit scale expansion can significantly promote the improvement of regional innovation efficiency,and this result is still significant in the endogeneity test of instrumental variables and the robustness test after replacing the explained variables and the econometric model.Second,the credit scale expansion of government departments,financial institutions,enterprises and individuals all exhibit significant positive spatial spillover effects on regional innovation efficiency,with the impact of government departments playing a dominant role.Third,the influence of credit scale expansion on regional innovation efficiency is a non-linear process,and the roles of credit scale expansion are different in the case of different urban innovation efficiency.
credit scaleregional innovation efficiencyurban innovation efficiencyspatial Durbin model
万方数据
维普
