数字金融对实体经济发展的影响机制及空间效应研究——基于制造业数据的实证分析
Research on the Impact Mechanism and Spatial Effect of Digital Finance on the Development of the Real Economy——Empirical Analysis Based on Manufacturing Data
龚新蜀 1贾璇 1张风丽1
作者信息
- 1. 石河子大学经济与管理学院,新疆 石河子 832000
- 折叠
摘要
文章基于2011-2021年我国30个省份的面板数据,运用中介效应模型和空间计量模型实证检验了数字金融对实体经济发展的影响机制和空间溢出效应.研究结果表明:数字金融能够缓解实体经济的融资约束,推动实体经济发展;金融风险、人力资本和绿色创新是数字金融推动实体经济发展的重要机制.降低金融风险能够缓解实体经济的融资约束,提升人力资本和促进绿色创新能够提高实体经济的发展效率;数字金融对实体经济发展的影响存在显著的空间溢出效应,数字金融通过空间溢出效应对邻近地区的实体经济发展产生虹吸效应.据此提出大力发展数字金融,充分发挥数字金融降低金融风险、提升人力资本和促进绿色创新的作用,提高各省间数字金融协调度,以促进实体经济快速发展.
Abstract
Based on the panel data of 30 provinces in China from 2011-2021,this paper empirically tests the impact mechanism and spatial spillover effect of digital finance on the development of the real economy by using the intermediary effect model and the spatial econometric model.The research results are as follows.Digital finance can alleviate the financing constraints of the real economy and promote its development.Financial risk,human capital,and green innovation are important mechanisms for digital fi-nance to promote the development of the real economy.Reducing financial risks can alleviate the financing constraints of the real economy,enhance human capital,and promote green innovation,which can improve the development efficiency of the real econo-my.The impact of digital finance on the development of the real economy has a significant spatial spillover effect,and digital fi-nance generates a siphon effect on the development of the real economy in neighboring areas through spatial spillover effects.Based on this,it is proposed to vigorously develop digital finance,fully leverage the role of digital finance in reducing financial risks,en-hancing human capital,and promoting green innovation,improve the coordination of digital finance among provinces,and promote the rapid development of the real economy.
关键词
数字金融/实体经济/金融风险/人力资本/绿色创新Key words
digital finance/real economy/financial risk/human capital/green innovation引用本文复制引用
基金项目
国家社会科学基金资助项目(21XMZ062)
兵团社会科学基金重点项目(21ZD03)
兵团维稳戍边智库项目(22BTZK03)
文化名家暨"四个一批"人才工程、万人计划哲学社会科学领军人才项目(中宣办发[2017]25号)
出版年
2024
NETL
NSTL
万方数据