金融科技对产业结构升级的影响研究

Research on the Impact of Fintech on Industrial Structure Upgrading

新兴的金融科技对传统金融发展产生了深刻影响,为产业结构升级带来新的机遇。在构建产业结构升级综合指数的基础上,利用我国2011-2021年30个省份(自治区、直辖市)的面板数据,基于双向固定效应模型,探究金融科技对产业结构升级的影响,并从绿色创新的视角揭示其潜在影响机制。研究表明:金融科技能显著产业结构升级,且在替换解释变量与内生性检验后仍然成立;金融科技对产业结构升级的影响存在显著的区域异质性;金融科技通过绿色创新促进产业结构升级。据此提出了相应的政策建议。

The emerging financial science and technology has had a profound impact on the development of traditional finance and brought new opportunities for industrial structure upgrading.On the basis of constructing a comprehensive index of industrial structure upgrading,we utilize the panel data of 30 provinces(autonomous regions and municipalities directly under the central government)in China from 2011 to 2021,and based on the two-way fixed effect model,we explore the impact of fintech on industrial structure upgrading,and reveal its potential impact mechanism from the perspective of green innovation.The study shows that Fintech can significantly upgrade industrial structure,and it still holds after replacing the explanatory variables and endogeneity test.There is significant regional heterogeneity in the impact of fintech on industrial structure upgrading.Fintech promotes industrial structure upgrading through green innovation.Accordingly,corresponding policy recommendations are proposed.