金融发展促进科技成果产业化的区域异质性研究

Research on the Regional Heterogeneity of Financial Development Promoting the Industrialization of Scientific and Technological Achievements

采用1995—2014年省域面板数据,利用面板向量自回归(PVAR)模型对中国不同区域金融发展与科技进步及其成果产业化进行系统性研究,结果表明:金融发展对科技成果产业化影响存在着较大的区域性差异,主要体现在反应力度和累计效应等方面。其中,东部地区金融发展对科技进步及其成果产业化的提升作用最为明显,累积效应最大且持续期较长;中部地区金融发展水平对科技进步及其成果产业化的冲击反应呈现出小范围反复波动的特征,而西部地区金融发展对科技进步虽然有一定的促进作用,但是持续时间较短,对科技成果产业化的提升作用较差。为了切实发挥金融对科技产出及其成果产业化的引领作用,应当完善科技金融体系,改善科技金融资金使用效率;通过金融创新支持科技成果产业化;通过政策引导金融资源在区域间的合理配置,逐步完善具有地方特色的金融、科技、产业融合发展体系。

Based on the provincial panel data of 1995—2014,this study employed the panel vector auto regression(PVAR)model to systematically research on financial development,technological progress and the industrialization of technological achievements in different regions of our country.The results show that there are great regional differences in the impact of financial development on the industrialization of scientific and technological achievements,mainly reflected in reaction intensity and cumulative effect.The promotion of financial development on science and technology progress and industrialization in the eastern area is most obvious and has the maximum cumulative effect of long duration;the impact of financial development level in central China on science and technology progress and industrialization shows the character of small-range repeated fluctuations;and the financial development in the western region of China has a certain promotion role on science and technology progress,but the duration is short and the effect on industrialization is poor.According to the results of empirical research,we put forward suggestions on the innovative integrative development of China's finance,technology and industry.