政府财税激励、创新要素配置与实体经济高质量发展

Government Fiscaland Tax Incentives,Innovative Factor Allocation and High-quality Development of the Real Economy

选取2012—2020年280个地级及以上城市数据,采用面板数据模型和空间计量模型分析政府财税激励与创新要素配置对实体经济高质量发展的影响,探究其中的空间溢出效应。研究结果表明:政府财税激励和创新要素配置均对实体经济高质量发展具有正向影响,且存在正向空间溢出效应,该结论在经过一系列内生性检验和稳健性检验后依然成立;创新要素配置对于实体经济高质量发展与政府财税激励的关系具有正向调节作用,即随着创新要素配置效率提升,政府财税激励对实体经济高质量发展的正向影响作用会增强。因此,要强化政府财税激励政策支撑,提高创新要素配置效率,打造跨区域连接合作机制,从而赋能实体经济高质量发展。

This paper uses the data of 280 prefecture level and above cities from 2012 to 2020,uses the panel data model and spatial econometric model to analyze the impact of government fiscal and tax incentives and innova-tion factor allocation on the high-quality development of the real economy,and explores its spatial spillover effect.The results show that government fiscal and tax incentives and the allocation of innovation factors have a sig-nificant positive impact on the high-quality development of the real economy,and there is a positive spatial spillover effect.This result is still valid after a series of endogenous tests and robustness tests.The allocation of innovative factors has a significant positive moderating effect on the relationship between government financial and tax incen-tives and high-quality development of the real economy.That is,as the efficiency of innovation factor allocation im-proves,the positive impact of government financial and tax incentives on high-quality development of the real econ-omy will significantly increase.In response,suggestions are proposed to strengthen the support of government fiscal and tax incentive policies,improve the intensity of innovative factor allocation,and create a cross regional connec-tion and cooperation mechanism to empower the high-quality development of the real economy.Based on existing literature in the academic community,the paper expands researching from the following three aspects:firstly,incorporating government financial and tax incentives,innovation factor allocation,and high-quality development of the real economy into the same framework,systematically exploring the impact of government financial and tax incentives on high-quality development of the real economy under different levels of innovation fac-tor allocation to broaden the research scope of government fiscal and tax incentives and provide policy guidance on how to promote high-quality development of the real economy.Secondly,using a spatial econometric model to em-pirically test the spatial spillover effect of government fiscal and tax incentives on the high-quality development of the real economy,in order to promote the high-quality development of the real economy in a reasonable and effi-cient manner.Thirdly,the OLS benchmark regression model,Moran index and spatial econometric model are com-prehensively used to empirically test the impact of government fiscal and tax incentives on the high-quality develop-ment of the real economy,and the two-stage least square method,model replacement,increase of control varia-bles,sample elimination and censoring methods are used to conduct endogenous analysis and robustness test,and obtain more reliable research conclusions.This study to some extent reveals the relationship between government fiscal and tax incentives,innovative fac-tor allocation,and high-quality development of the real economy,which helps government departments to formulate more targeted fiscal and tax incentive policies and provide policy support for high-quality development of the real e-conomy.