基于空间面板数据模型的数字金融与产业升级关系研究

Relationship Between Digital Finance and Industrial Upgrading Based on Spatial Panel Data Model

实施我国全球产业链价值链向中高端发展是经济高质量发展的关键,我国迅速发展的数字金融给予产业升级难得的机遇。从优化金融功能的角度,剖析数字金融影响产业升级的理论,阐述数字金融影响产业升级的空间效应,分析技术创新在数字金融中影响产业升级的中介效应。分别构建普通面板模型、空间面板杜宾模型和中介模型,结果表明:数字金融正向影响产业升级;本地区的数字金融和邻居地区的数字金融都会正向影响本地区的产业升级;技术创新发挥间接促进作用。提出以下建议:加快数字金融基础设施建设以缩小东中西部地区数字鸿沟;大力支持数字技术与金融行业的结合;完善金融体制改革,扩大金融惠普性,为高新技术产业等提供金融服务。

Implementing the development of China’s global industrial chain and value chain to medium and high-end is the key to high-quality economic development.At the same time,China’s rapidly developing digital finance gives a rare opportunity for industrial upgrading.From the perspective of optimizing financial functions,this paper shows the theory of digital finance affecting industrial upgrading,explains the spatial effect of digital finance on industrial upgrading and analyzes the intermediary effect of technological innovation between digital finance and industrial upgrading.Then,corresponding to the hypothesis,the ordinary panel model,Spatial Panel Durbin Model(SPDM)and intermediary model are constructed respectively.The results show that digital finance has a positive impact on industrial upgrading,both the digital finance in this region and in neighboring regions will positively affect the industrial upgrading in this region and technological innovation plays an indirect role.It is proposed to speed up the construction of digital financial infrastructure and narrow the digital gap among the eastern,central and western regions,strongly support the combination of digital technology and financial industry,improve the reform of the financial system,expand the inclusiveness of finance,and provide financial service for high-tech industries.