科技金融结合试点政策对地区经济增长影响研究——基于科技创新与产业结构合理化的视角

Research on the effect of the pilot policy of combining technology and finance on regional economic growth:Based on the perspective of technological innovation and industrial structure rationalization

科技金融是"第一生产力"与"第一助推力"的有机结合,承担着带动地区经济高质量发展的重要使命。基于当前我国科技金融结合不断推进的背景,文章以2007—2016年我国共285个地级市的面板数据为例,运用双重差分法(DID)对科技部、中国人民银行等五部门推行的科技金融结合试点政策对试点地区经济增长的带动效应及机制进行检验。结果表明:第一,科技金融结合试点政策能够有效带动试点地区经济增长,这一结论具有稳健性;第二,科技金融结合试点政策对试点地区经济增长的带动作用存在显著的地域性差异,东部最强、中部次之、西部最弱;第三,进一步的机制检验表明科技金融结合试点政策能够通过提升地区科技创新水平和推动产业结构合理化的双重路径带动地区经济增长。为了进一步推动科技与金融相结合,提升地区经济发展水平,各地政府应高度重视科技金融结合试点政策对地区经济发展的正外部性,积极申报试点城市建设。同时,应结合各地市情社情制定差异化试点政策,大力提升科技创新与产业结构合理化水平,充分发挥其对地区经济增长的中介作用。

Science and technology finance is an organic combination of“primary productivity”and“first boost”,and undertakes the important mission of driving high-quality regional economic development.Based on the current background of the continuous advancement of China’s technology and finance integration,the article uses the panel data of a total of 285 prefecture-level cities in China from 2007 to 2016 as an example,using the double difference method(DID)for the first time to test the driving effect and promoting mechanism on economic growth of the pilot policy of combining science,technology and finance implemented by five departments such as the Ministry of Science and Technology and the People’s Bank of China in pilot areas.The results show that:First,the pilot policy of combining technology and finance can effectively promote the economic growth of the pilot areas,and this conclusion is robust;second,the pilot policy of combining technology and finance has significant regional differences in the economic growth of the pilot areas.The strongest is the eastern region that is followed by the central region,and the western region is the weakest.Third,further mechanism testing shows that the pilot policy of combining technology and finance can drive regional economic growth through the dual path of improving the level of regional technological innovation and promoting the rationalization of the industrial structure.In order to further promote the integration of technology and finance and improve the level of regional economic development,local governments should attach great importance to the positive externalities of the pilot policy of integrating technology and finance on regional economic development and actively apply for the construction of pilot cities.At the same time,differentiated pilot policies should be formulated in accordance with the local conditions and social conditions,vigorously improve the level of technological innovation and industrial structure rationalization,and give full play to its intermediary role in regional economic growth.