市场化程度、金融发展水平与区域创新能力——基于企业家精神的中介效应研究

Marketization, Financial Development and Regional Innovation Capability:Research on the Mediating Effect of Entrepreneurship

基于2005—2019我国31个省(区、市)的面板数据,通过构建动态面板模型与门槛面板模型实证分析市场化程度、金融发展水平、企业家精神对区域创新能力的影响。研究发现,市场化程度与金融发展水平均对区域创新能力具有显著的促进作用,且市场化程度对区域创新能力的影响强于金融发展水平;企业家精神均为金融发展水平、市场化程度对区域创新能力影响的中介变量,且具有完全中介效应和门槛效应,替换估计方法与相应变量衡量指标后结果仍然稳健。最后,基于实证分析结论提出相应的政策建议。

Based on the panel data of 31 provinces(autonomous regions and cities) in China from 2005 to 2019, this paper empirically analyzes the impact of marketization degree, financial development level and entrepreneurship on regional innovation ability by constructing dynamic panel model and threshold panel model. It is found that both the degree of marketization and the level of financial development can significantly promote the regional innovation ability, and the impact of the degree of marketization on the regional innovation ability is stronger than the level of financial development;Entrepreneurship is the intermediary variable of the impact of financial development level and marketization degree on regional innovation ability, and has complete intermediary effect and threshold effect. After replacing the estimation method and corresponding variable measurement indicators, the result is still robust. Finally,based on the conclusion of empirical analysis, this paper puts forward corresponding policy suggestions.