摘要
本文运用中国2013—2016年的省际面板数据,引入社会融资规模、R&D经费投入两个中介变量,构建中介效应模型来考察金融产业集聚对制造业转型升级的直接效应和间接效应。研究结果表明,金融产业集聚不仅对制造业转型升级起到直接促进效应,而且分别通过以下两种路径方式对制造业转型升级产生一定的正向促进效应,即“金融产业集聚→社会融资规模增量→制造业转型升级”和“金融产业集聚→社会融资规模增量→R&D投入→制造业转型升级”。因此,进一步汇聚金融产业资源、扩大资本规模、支持科技创新,将有效促进中国制造业转型升级。
Using the inter-provincial panel data of China from 2013 to 2016,this paper introduces two intermediary variables:social financing scale and R&D input,to construct an intermediary effect model to examine the direct and indirect impacts of financial industry agglomeration on manufacturing transformation and upgrading.The results show that the financial industry agglomeration not only directly promotes the transformation and upgrading of the manufacturing industry,but also has a certain positive impact on the transformation and upgrading of the manufacturing industry through the following two paths,namely,“financial industry agglomeration→social financing scaleincrement→manufacturing transformation and upgrading”and“financial industry agglomeration→social financing scaleincrement→R&D input→manufacturing transformation and upgrading”.Therefore,pooling further financial industry resources,expanding capital scale,and supporting scientific and technological innovation will effectively promote the transformation and upgrading of China's manufacturing industry.
作者
刘洁
王方方
陈海波
Liu Jie;Wang Fangfang;Chen Haibo(School of Finance and Economics,Jiangsu University,Zhenjiang,Jiangsu 212013,China)
出处
《西部经济管理论坛》
2020年第6期53-61,共9页
West Forum on Economy and Management
基金
国家社科基金一般项目“供给侧结构性改革视角下中国经济发展新动能测度与培育路径研究”(19BTJ039)。
关键词
金融产业集聚
社会融资规模
R&D经费投入
制造业转型升级
中介效应
financial industry agglomeration
scale of social financing
R&D input
transformation and upgrading of the manufacturing industry
mediating effect
