数字金融是否促进了区域金融服务均衡化发展?——基于区域金融收敛性的分析

Does Digital Finance Promote the Balanced Development of Regional Financial Services?——An Analysis Based on Regional Financial Convergence

建设金融强国要从宏观整体效益出发,实现我国区域金融服务的均衡发展。数字金融具有数字与金融的双重属性,能够加速资金、信息、数据等要素的自由流通和有效配置。本文基于收敛模型,采用2011~2021年我国281个地级城市面板数据实证分析得出:(1)数字金融通过算力整合、降低交易成本和延展金融触角,提高了欠发达地区的金融服务效率和密度,促进了发达地区的金融扩散,进而推进了区域金融服务均衡化发展。(2)数字金融通过对欠发达地区科创企业的“精准滴灌”促进了技术创新,而技术创新也对地区的金融服务形成反哺效应,二者共同促进了区域金融服务均衡化。(3)数字金融为经济欠发达地区提供了赶超机会,对欠发达地区金融服务均衡化发展的影响更为显著。

Building a strong financial nation requires starting from the overall macro benefits to achieve the balanced development of regional financial services in China.Digital finance,with its dual attributes of digital and financial,can accelerate the free flow and efficient allocation of factors such as funds,information,and data.Based on the convergence model,this paper empirically analyzes panel data from 281 prefecture-level cities in China from 2011 to 2021 and concludes that:(1)Digital finance,through integrating computational power,reducing transaction costs,and extending financial reach,has improved the efficiency and density of financial services in underdeveloped areas,promoted financial diffusion in developed areas,and thereby advanced the balanced development of regional financial services.(2)Digital finance promotes technological innovation in underdeveloped areas through"precision drip irrigation"of science and technology enterprises,while technological innovation also generates a feedback effect on regional financial services,jointly promoting the balanced development of regional financial services.(3)Digital finance provides opportunities for economic catch-up in underdeveloped areas,with a more significant impact on the balanced development of financial services in underdeveloped areas.