金融深化、技术创新与经济增长的关系研究——以宁夏为例

Research on the Relationship between Financial Deepening,Technological Innovation and Economic Growth——Take Ningxia as an Example

金融是现代经济的血脉,创新是引领发展的第一动力。通过金融深化与技术创新驱动经济增长,是加快经济发展的科学有效途径。本文运用协整检验和向量误差修正模型,并引入脉冲响应函数,以宁夏为例研究金融深化、技术创新和经济增长之间的长期稳定关系和短期调整关系,以期为各地建设现代化经济体系提供一定的参考。实证结果表明,金融深化对技术创新有正向促进作用,且对技术创新的影响呈上升趋势;金融深化和技术创新是影响宁夏经济增长的重要因素,金融深化的两个指标变量与经济增长存在长期均衡关系,但作用方向不同,金融相关率与经济增长正相关,而货币化率与经济增长负相关。

Finance is the lifeblood of modern economy,and innovation is the primary driving force for development.Driving economic growth through financial deepening and technological innovation is a scientific and effective way to accelerate economic development.The article uses cointegration test and vector error correction model,and introduces pulse response function to study the long-term stable relationship and short-term adjustment relationship between financial deepening,technological innovation,and economic growth in Ningxia as an example,so as to provide certain reference for the construction of modern economic systems in various provinces.The empirical results indicate that financial deepening has a positive promoting effect on technological innovation,and its impact on technological innovation is on the rise.Financial deepening and technological innovation are important factors that affect the economic growth of Ningxia.The two indicator variables of financial deepening have a long-term equilibrium relationship with economic growth,but their directions of action are different.The financial correlation rate is positively correlated with economic growth,while the monetization rate is negatively correlated with economic growth.