首页|数字金融、传统金融与城市群全要素生产率增长——基于金融地理空间演进视角

数字金融、传统金融与城市群全要素生产率增长——基于金融地理空间演进视角

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  • NETL
  • NSTL
  • 万方数据
论文利用中国八大城市群139个城市2011-2019年的面板数据,基于金融地理空间演进视角实证考察了数字金融、传统金融驱动城市群全要素生产率(TFP)增长的空间作用机制及影响效应.研究发现,地理距离和经济距离空间权重矩阵下数字金融总指数和数字金融覆盖广度均对城市群TFP增长产生强劲且显著的正向激励效应;数字金融总指数和数字金融覆盖广度均能通过缓解金融集聚程度驱动城市群TFP提升;不同类型空间权重矩阵下数字金融与传统金融对城市群TFP增长的空间效应方向和强度具有显著的时空异质性,地理距离因素影响下数字金融与传统金融易于形成相互促进的耦合协同效应,经济距离因素影响下数字金融与传统金融之间易于产生相互竞争的替代补充效应.研究结论表明,数字金融作为传统金融的技术性升级和延续性创新,能够重塑以金融集聚为核心特征的金融地理空间格局,但其依然对传统金融供给及其金融地理结构表现出较强的路径依赖性.
Digital Finance,Traditional Finance and Total Factor Productivity Growth in Urban Agglomerations——From the Perspective of Financial Geographical Spatial Evolution
Based on the panel data of 139 cities in eight urban agglomerations in China from 2011 to 2019,this paper empirically investigated the spatial mechanism and impact effect of digital finance and traditional finance driving the growth of TFP in urban agglomerations from the perspective of financial geographic spatial evolution.The results show that the aggregate index of digital finance and the coverage breadth of digital finance have a strong and significant positive incentive effect on the growth of TFP in urban agglomeration under the spatial weight matrix of geographical distance and economic distance.Both the aggregate index of digital finance and the coverage breadth of digital finance can drive the improvement of TFP in urban agglomeration by alleviating the degree of financial agglomeration.The direction and intensity of the spatial effects of digital finance and traditional finance on the growth of TFP in urban agglomerations under different types of spatial weight matrix have significant spatial and temporal heterogeneity.Digital finance and traditional finance tend to form mutually promoting coupling synergistic effects under the influence of geographical distance.Under the influence of economic distance,digital finance and traditional finance tend to compete with each other.The conclusion of this paper shows that digital finance,as a technical upgrade and continuous innovation of traditional finance,can reshape the financial geographic spatial pattern with financial agglomeration as the core feature,but it still shows a strong path dependence on traditional financial supply and financial geographic structure.

Digital FinanceTraditional FinanceTotal Factor ProductivityFinancial Geography StructureUrban Agglomeration

蔺鹏、孟娜娜

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河北经贸大学金融学院

河北经贸大学京津冀协同发展河北省协同创新中心

数字金融 传统金融 全要素生产率 金融地理结构 城市群

河北省省级科技计划软科学研究专项河北省省级科技计划软科学研究专项河北省高等学校科学研究项目(基础研究重点培育专项)河北经贸大学科学研究与发展计划项目(人文社科类重点项目)河北经贸大学"京津冀协同发展"科研专项

22557624D23557637DJCZX20240132023ZD01JXT2022YB02

2024

农村金融研究
中国农村金融学会

农村金融研究

北大核心
影响因子：0.477
ISSN：1003-1812
年,卷(期)：2024.(9)
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