金融发展对技术进步影响的门槛效应检验——基于中国省际面板数据的实证研究

The Threshold Effect Test on the Impact of Financial Development on Technical Progress —— The Empirical Study Based on the Inter-Province Panel Data in China

根据金融发展水平的高低重新划分了中国的省级区域,通过检验金融发展与技术进步之间的关系发现,两者之间存在着门槛效应。也就是说,金融发展在早期的低水平阶段不利于技术进步,但是越过某个门槛值以后,在高水平阶段金融发展就会对技术进步有促进作用。因此,金融发展与经济增长之间的关系应该是非线性的。考虑到地区差距与技术进步差异有关,所以,解决金融发展地区间的非均衡问题就成为改善地区差距的重要途径。

This paper redistricts China＇s provincial areas according to the financial development level and examines the relationship between financial development and technical progress.The research conclusions show that there is a ＂Threshold Effect＂ between financial development and technological progress.Financial development has the negative impact on the technological progress in the early stages with low level,but financial development will promote the technological progress when it exceeds a certain threshold value.The ＂Threshold Effect＂also shows that there should be nonlinear between financial development and technological progress.Considering the relationship between regional disparities and differences in technological progress,it is an important approach to reduce regional disparities that the unbalance problems of financial development among regions are resolved.