制度—技术协同演化下的互联网金融生态:演化经济学视角

Internet Financial Ecology in Co-evolution of Technology and Institution: the Aspect of Evolutionary Economics

本文采用演化经济学的范式和建模技术,构建了一个制度—技术协同演化模型,对互联网金融生态中的个体群竞争、学习、复制、变异的动态过程进行了模型化分析和数值模拟,为以后互联网金融生态研究打下了模型基础。我们认为,当前中国的互联网金融生态,是金融市场化和信息技术革命融合在一起,在制度一技术二维结构里形成特有的产业形态,因此必须结合这两个维度的演化进程以及相互反馈,来分析生态内部的个体群的演化和变异。在四阶段的仿真模拟中,我们展现了两个物种——依靠制度套利和依靠技术红利的两类企业——的生长、复制、选择和变异过程。对于政策层来说,必须构建有利于技术型企业生存的制度环境,并通过学习和模仿效应在整个生态中形成物种净化,最终才能形成一个良性的、具有自我净化效应的金融生态环境。

In framework and model of evolutionary economics, we build a model of co-evolution of technology and institution that investigates about the dynamic procedure of competition, study, copy, change and so on in internet financial ecology to set up framework for internet financial ecology research. Since the internet financial ecology of China grows out of both marketization and IT revolution, it is necessary to analyze the dynamics of evolution and change among different individuals and groups of the special industry based on dual structure of institution and technology. In the four stages of analogue simulation, we show how two kinds of internet finance enterprises that are differenced from living on institution arbitrage and technology bonus grow, copy, choose and change. Policy makers should build institution environment for technology companies and encourage the groups to study and copy each other to form a benign financial ecology that is able to clean itself.