摘要
基于2011—2018年中国278个城市的数据,从理论和实证两方面探讨金融集聚对区域创新的影响及其传导路径,研究发现:金融集聚对区域创新发挥了显著的促进作用,特别是对金融资源初始禀赋比较薄弱的欠发达地区的裨益更为明显,一定程度上弥合了区域间的创新差异。机制分析表明,金融集聚可通过扩大金融规模、提高金融效率、提升人力资本三条路径,发挥规模效应、配置效应和虹吸效应以促进资金融通和人力资本积累进而激励技术创新。综上,在制定金融集聚支持区域创新发展政策时,相关部门应当充分考虑区域发展差异,加强金融集聚水平,助推区域创新,实现经济高质量发展。
Based on the data of 278 cities in China from 2011 to 2018,this study discusses the impact of financial agglomeration on regional innovation and its transmission path,regarding both theoretical and empirical aspects.The results illustrate the following:Financial agglomeration plays a significant role in promoting regional innovation,especially for underdeveloped regions with relatively weak initial endowments of financial resources,in which the benefits brought by financial agglomeration are more significant.This has bridged the differences in innovation of various regions to a certain extent.Mechanism analysis shows that financial agglomeration promotes financing and human capital accumulation and in turn stimulates technological innovation by exerting scale,allocation,and siphon effects,which is made possible by three paths,namely expanding the financial scale,increasing the financial efficiency,and upgrading the human capital.In summary,when formulating policies to support regional innovation and development with financial agglomeration,responsible departments should consider the differences in regional development,upgrade the level of financial agglomeration,boost regional innovation,and achieve high-quality economic development.
作者
丁焕峰
谢丽娟
孙小哲
Ding Huanfeng;Xie Lijuan;Sun Xiaozhe(School of Economics and Finance,South China University of Technology,Guangzhou 510006,Guangdong,China)
出处
《金融经济学研究》
CSSCI
北大核心
2022年第2期56-70,共15页
Financial Economics Research
基金
国家社会科学基金项目(18AJY008)
广东省自然科学基金项目(2019A1515012099)
广州市“十三五”哲学社会科学一般项目(2018GZYB94)
关键词
金融集聚
区域创新
人力资本
financial agglomeration
regional innovation
human capital
作者简介
丁焕峰(1970—),男,华南理工大学经济与金融学院教授,博士生导师,研究方向为区域创新与城市发展;通讯作者:谢丽娟(1987—),女,华南理工大学经济与金融学院博士研究生,广东金融学院讲师,研究方向为城市金融发展与创新;孙小哲(1995—),男,华南理工大学经济与金融学院博士研究生,研究方向为城市创新。
