普惠金融服务乡村产业振兴的空间效应研究——以长江经济带为例

Research on the Spatial Effect of Inclusive Finance to Serve Rural Industrial Revitalization:Taking the Yangtze River Economic Belt as an Example

基于长江经济带2010—2019年11个省(市)的空间面板数据,运用熵值法测算各省(市)的普惠金融发展指数与乡村产业振兴指数综合得分。构建普惠金融支持乡村产业振兴的指标体系,利用FGLS估计和GMM法对产业振兴指数、普惠金融发展指数及其二次项进行实证分析。结果发现:普惠金融与乡村产业振兴之间为先促进后抑制的倒U型关系,作用拐点区间为0.411—0.421;财政支农水平、农业机械总动力、产业结构和经济景气程度对乡村产业发展呈现较为显著的正向影响。结果还表明当前长江经济带大多数省份普惠金融发展水平仍较低,因此需要进一步完善普惠金融的组织架构与制度安排,为乡村产业振兴提供更为优质的金融服务。

Based on the spatial panel data of 11 provinces(cities)of the Yangtze River Economic Belt from 2010 to 2019,the entropy method is used to calculate the comprehensive scores of the inclusive financial development index and the rural industrial revitalization index of each province(city).Build an index system of inclusive finance to support rural industrial revitalization,and use FGLS estimation and GMM method to analyze the industrial revitalization index,inclusive financial development index and its secondary items.The results show that the inverted U-shaped relationship between inclusive finance and rural industrial revitalization is promoted first and then suppressed,with an inflection range of 0.411~0.421.The level of financial support for agriculture,the total power of agricultural machinery,industrial structure and the degree of economic prosperity have a significant positive impact on the development of rural industries.The results also show that the development level of inclusive finance in most provinces of the Yangtze River Economic Belt is stil low,and it is necessary to further improve the organizational structure and institutional arrangements of inclusive finance to provide better financial services for rural industrial revitalization.