金融创新、技术创新与经济增长的嵌合驱动——以山东省为例

Chimeric Drive of Financial Innovation,Technological Innovation and Economic Growth——Take Shandong Province as an example

本文基于山东省经济运行概况,建立宏观和微观双向分析机制,讨论金融创新、技术创新与经济增长三者之间的关系,得到金融创新以及技术创新在一定程度上可起到促进经济增长的作用等结论.筛取山东省2010-2019年16个地市层级数据,采用自回归分布滞后(ARDL)模型验证结论:金融创新可能会抑制经济增长,只有当金融创新转化为有效生产力时才可促进经济增长,而技术创新则对经济增长产生促进作用.金融创新与技术创新共同作用发挥协同效应可有效促进经济增长,但经济增长还会受到资本投入、人力资本、对外开放程度等因素影响.

Based on the general situation of economic operation in Shandong Province,this paper establishes a macro and micro two-way analysis mechanism,discusses the relationship between financial innovation,technological innovation and economic growth,and comes to the conclusion that financial innovation and technological innovation can promote economic growth to a certain extent.The data of 16 prefectures and cities in Shandong Province from 2010 to 2019 are screened,and the autoregressive distribution lag(ARDL)model is used to verify the conclusion.It is concluded that financial innovation may inhibit economic growth,promote economic growth only when financial innovation is transformed into effective productivity,and technological innovation promotes economic growth.The synergy of financial innovation and technological innovation can effectively promote economic growth,but economic growth will also be affected by capital investment,human capital,the degree of opening to the outside world and other factors.