金融规模对产业升级的抑制作用研究——基于空间面板Durbin模型(SDM)的实证研究

Research on the Restraining Effect of Financial Scale on Industrial Upgrading——An Empirical Study Based on Spatial Panel Durbin Model(SDM)

目前,我国正处于产业转型升级的重要时期,研究金融规模对产业升级的影响对我国经济发展具有重要意义。为探究金融规模与产业升级间的关系,以金融规模存量、金融相关比等指标度量金融规模,以产业结构合理化、产业结构高级化刻画产业升级,运用山东省2013—2018年16个地级市数据进行实证分析。由实证结果可知,金融相关比可显著促进产业结构升级,且金融规模与第二、三产业的发展程度呈现先上升后下降的倒U型关系。分区域来看,金融集聚和金融效率在不同地区(胶东经济圈、省会经济圈、鲁西南经济圈)对产业升级的影响并不相同。

At present,China is in an important period of industrial transformation and upgrading.It is of great significance for China's economic development to study the impact of financial scale on industrial upgrading.In order to explore the relationship between financial scale and industrial upgrading,financial scale is measured by financial scale stock,financial correlation ratio and other indicators,and industrial upgrading is characterized by rationalization and upgrading of industrial structure.The data of 16 prefecture level cities in Shandong Province from 2013 to 2018 are used for empirical analysis.The empirical results show that the financial correlation ratio can significantly promote the upgrading of industrial structure,and the relationship between the financial scale and the development degree of the secondary and tertiary industries presents an inverted U-shaped relationship,which first increases and then decreases.In different regions(Jiaodong economic circle,provincial capital economic circle and southwest Shandong economic circle),financial agglomeration and financial efficiency have different effects on industrial upgrading.