科技金融发展能够提高中国经济增长质量吗?——基于空间杜宾模型的实证研究

Can Regional Financial Development Improve Manufacturing Productivity?

科技金融是科技与金融的有机结合,能够有效的提高金融企业优化资源配置的能力,从而有利于技术的进步。不仅如此,科技金融的发展还会为当地的企业融资支持其技术研发,还会搜索好的项目,支持其他地区的技术研发,因而科技金融的发展还具有一定的空间外溢性。在这一理论分析的基础上,利用空间杜宾模型实证检验科技金融发展对经济增长质量以及可能存在的空间影响。实证结果表明,科技金融不仅能够促进本地的经济增长质量提高,还有利于其他地区的经济增长质量;当地的经济增长质量水平提高还能提高其他地区的经济增长质量。

Science and technology finance is an organic combination of science and technology and finance, which can effectively improve the ability of financial enterprises to optimize the allocation of resources, thus conducive to technological progress. Moreover, the development of science and technology finance will also finance local enterprises to support their technological research and development, and will search for good projects to support technological research and development in other regions. Therefore, there is still room for the development of science and technology finance. Spillover. On the basis of this theoretical analysis, this paper uses the spatial Durbin model to empirically test the impact of the development of science and Technology Finance on the quality of economic growth and the possible existence of space. The empirical results show that science and technology finance can not only promote the quality of local economic growth, but also benefit the quality of economic growth in other regions;the quality of local economic growth can also be improved by improving the quality of local economic growth. The quality of economic growth in other regions.