数字普惠金融对创业的影响——基于粤港澳大湾区内地九市的数据分析

The Impact of Digital Inclusive Finance on Entrepreneurship:Based on Data Analysis of The Nine Mainland Cities in The Guangdong-Hong Kong-Macao Greater Bay Area

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摘要随着我国经济增长阶段的转变,数字普惠金融成为挖掘新经济增长点的重要动力,对激发地区经济活力和促进供给侧结构性改革具有重要意义。本文基于2013—2022年粤港澳大湾区内地九市面板数据,考察了数字普惠金融对创业的影响及其内在作用机制。研究结果显示,数字普惠金融对粤港澳大湾区内地九市创业产生显著的正向影响。这一结果经过工具变量与更换计量模型验证后依然稳健。进一步分析表明,数字普惠金融的覆盖广度、使用深度和数字水平对创业均有显著的正向影响。此外,异质性分析显示,不同行业的创业水平受数字普惠金融的影响效果不同。机制检验表明数字普惠金融能通过缓解融资约束、促进创新来提高创业活动水平。研究结论对于理解数字普惠金融在粤港澳大湾区发展中的作用,以及制定相关政策以促进创业具有重要意义。 With the transformation of China’s economic growth stage,Digital Inclusive Finance has become an important driving force for exploring new economic growth points,and playing an important role in stimulating regional economic vitality and promoting supply side structural reform.This article examines the impact of Digital Inclusive Finance on entrepreneurship and its underlying mechanisms based on data analysis of the nine mainland cities in the Guangdong-Hong Kong-Macao Greater Bay Area from 2016 to 2021.The research results show that Digital Inclusive Finance has a significant positive impact on entrepreneurship in the nine mainland cities.This result remains robust after being validated through methods such as removing some samples,using instrumental variables,and replacing econometric models.Further analysis shows that the depth of use,credit business,and digital level of Digital Inclusive Finance have a significant positive impact on entrepreneurship.In addition,heterogeneity analysis shows that the impact of Digital Inclusive Finance on entrepreneurial levels varies among different industries.Mechanism testing shows that Digital Inclusive Finance can improve the level of entrepreneurial activity by alleviating financing constraints and promoting technological innovation.The research conclusion is of great significance for understanding the role of Digital Inclusive Finance in the development of the Guangdong-Hong Kong-Macao Greater Bay Area,as well as formulating relevant policies to promote entrepreneurship and momentum transformation.

作者陈校荣孙静怡陈昭 CHEN Xiaorong;SUN Jingyi;CHEN Zhao

机构地区广东外语外贸大学经济贸易学院

出处《新经济》 2024年第12期135-152,共18页 New Economy

基金国家社会科学基金重大项目“粤港澳贸易往来资料整理与研究(1840—2020)”(23&ZD066)。

关键词数字普惠金融创业粤港澳大湾区 Digital Inclusive Finance Entrepreneurial Activity Guangdong-Hong Kong-Macao Greater Bay Area

分类号 F832 [经济管理—金融学]

作者简介通讯作者:陈校荣,广东外语外贸大学经济贸易学院硕士研究生;孙静怡,广东外语外贸大学经济贸易学院硕士研究生;陈昭,广东外语外贸大学经济贸易学院教授。