盲目或者理性:金融深化与城市创新能力的关系——以上海市为样本

The Relationship between Financial Deepening and Innovation Ability of City: A Case Study of Shanghai City

选取上海市1991-2013年的时间序列数据为样本,实证检验金融深化与城市创新能力之间的关系,结果表明:金融深化对城市创新能力产生了显著的负向影响;金融深化是城市创新能力的格兰杰原因,而城市创新能力不是金融深化的格兰杰原因。传统的金融资源配置方式及金融体制并没有像传统预期的那样对城市创新能力产生推动力,反而成为了摩擦力,因此在金融体制改革的过程中,一个重要的方向即为改革金融资源的配置方式与效率。

Taking time-series data from 1991 to 2013 in Shanghai as sample,this paper empirically tests the relationship between financial deepening and innovation ability of the city. The test conclusions are as follows financial deepening has significant negative effect on innovation ability of the city;and financial deepening is the Granger cause of innovation ability of the city,but innovation ability of the city is not the Granger cause of financial deepening. On the basis of conclusions,the paper puts forward some suggestions.