数字金融、技术市场发展与两业融合

Digital Finance,Technology Market Development,and Integration of Two Industries

为探究数字金融对两业融合的影响,通过选取2011年至2022年省级面板数据,构建两业融合的指标衡量体系,并引入技术市场发展作为调节变量进行实证分析。研究发现:数字金融对两业融合发展具有正向促进作用,且这一结论在考虑内生性和稳健性之后依旧成立。同时,技术市场发展能够正向调节数字金融对两业融合发展的促进作用。通过进一步研究发现,数字金融对两业融合发展的促进作用在胡焕庸线的东部和西部地区存在区域异质性。根据对理论机制和实证结果的分析,提出了针对性的对策建议,以进一步推动数字金融发展并促进两业融合深度发展。

To explore the impact of digital finance on the integration of two industries,this study selects provincial panel data from 2011 to 2022,constructs an indicator measurement system for the integration of two industries,and introduces the development of the technology market as a moderating variable for em-pirical analysis.Research has found that digital finance positively promotes the integrated development of the two industries,and this conclusion remains valid after considering endogeneity and robustness.Second-ly,the development of the technology market can positively adjust the promoting effect of digital finance on the integrated development of the two industries.Further research has found that there is regional het-erogeneity in the promoting effect of digital finance on the integrated development of the two industries in the eastern and western regions of the Hu Huanyong Line.Based on the analysis of theoretical mechanisms and empirical results,targeted countermeasures and suggestions are proposed to further promote the devel-opment of digital finance and promote the in-depth integration of the two industries.