科技金融发展的产业结构升级效应研究——基于创业活力的视角

Research on the upgrading effect of industrial structure in the development of sci-tech finance-Based on the perspective of entrepreneurial vitality

从创业活力的视角出发,在文献研究的基础上,剖析科技金融发展影响产业结构升级的作用机制,提出理论假设,通过收集2009~2019年我国30个省份的面板数据,运用中介效应模型和面板门槛模型,试图揭示创业活力在科技金融影响产业结构升级过程中扮演的角色。研究发现,第一,科技金融对产业结构升级有显著的促进作用,且这种促进作用存在区域异质性,西部地区的促进作用强于东、中部地区。第二,科技金融推动产业结构升级存在创业活力的影响路径,即科技金融可以通过提高创业活力水平,进而推动产业结构升级。第三,创业活力推动产业结构升级存在显著的科技金融单门槛效应,即科技金融越发达,创业活力促进产业结构升级的能力越强。

From the perspective of entrepreneurial vitality and on the basis of literature research,this paper analyzes the mechanism by which the development of science and technology finance affects the upgrading of industrial structure,puts forward theoretical assumptions,collects panel data of 30 provinces in China from 2009 to 2019,and uses the mediating effect model and panel threshold model.To reveal the role of entrepreneurial vitality in the process of technological finance affecting the upgrading of industrial structure.The results show that:first,technology finance has a significant promoting effect on industrial structure upgrading,and the promoting effect exists regional heterogeneity.The promoting effect in western China is stronger than that in eastern and central China.Secondly,technological finance can promote the upgrading of industrial structure through improving the level of entrepreneurial vitality,and then promote the upgrading of industrial structure.Thirdly,there is a significant single threshold effect of science and technology finance in the promotion of industrial structure upgrading by entrepreneurial vitality.That is,the more developed science and technology finance is,the stronger the ability of entrepreneurial vitality to promote industrial structure upgrading is.