优化金融创新生态系统及其影响因素研究——以京津冀地区为例

Optimization of Financial Innovation Ecosystem and Its Influencing Factors——A Case Study of Beijing-Tianjin-Hebei Region

金融创新生态系统和科技金融的耦合具有重要意义,但针对这方面的研究较为薄弱。本文利用2009-2020年我国各省区的金融行业增加值占GDP的比例,对区域金融创新生态系统的发展水平进行分析,结果表明:我国北京、上海和天津的区域金融创新生态系统发展水平较高;本文选取北京、天津、河北2002-2020年的面板数据,利用双向固定效应模型展开分析,结果表明:地方财政科技投入、创业投资规模和技术外溢效应都对区域金融创新生态系统具有显著的正向影响。因此,为了促进区域金融创新生态系统发展,需要加大财政科技投入,引导民间资本,培育金融中介机构。

The coupling of financial innovation ecosystem and science and technology finance is of great significance, but the research on this aspect is relatively weak. This paper analyzes the development level of regional financial innovation ecosystem by using the proportion of added value of financial industry in GDP of each province in China from 2009 to 2020. The results show that: the development level of regional financial innovation ecosystem in Beijing, Shanghai and Tianjin is relatively high. In this paper, panel data of Beijing, Tianjin and Hebei from 2002 to 2020 are selected and analyzed by two-way fixed effect model. The results show that: regional financial technology input, the scale of venture capital investment, technology spillover effect of local financial science have a significant positive impact on the regional financial innovation ecosystem. Therefore, in order to promote the development of regional financial innovation ecosystem, we need to increase financial investment in science and technology, guide private capital and cultivate financial intermediaries.