摘要
经济增长目标约束可能影响地方政府资源配置偏好,进而影响技术创新。利用中国地级市经济增长目标数据的研究结果表明,“层层加码”行为本身、“层层加码”逐级放大后的经济增长目标以及使用带有硬约束特征的经济增长目标制定方式都会显著抑制技术创新,而使用带有软约束特征的经济增长目标制定方式能够促进技术创新,在一系列稳健性检验后上述结论依然成立。机制检验结果表明,经济增长目标约束会导致地方政府出现“重生产、轻创新”的自利性投资偏好和“为增长而干预”的土地出让策略,导致资源错配从而抑制技术创新。进一步研究表明,经济增长目标约束对技术创新的影响在区域、城市级别、经济增长目标完成情况等方面存在显著异质性。
The constraints of economic growth target may influence the preference of local governments’ resource allocation, then further impact technological innovation. This article investigates such influences by making use of the economic growth target data at China’s prefecture-level cities.The findings show that technological innovation will be significantly restrained by the behavior of"adding more at every lower level"itself, the economic growth target amplified after"adding more at every lower level"or using the manner of economic growth target formulation with characteristics of"hard constraints", while using the manner of economic growth target formulation with characteristics of"soft constraints"can promote technology innovations. The above research conclusions remain valid after a series of robustness tests. The results of a mechanism test show that economic growth target constraints will lead to self-interest investment preferences that" attaching importance to production and neglecting innovation"and the land leasing strategy that"intervening for growth"in local governments, thus the resources will be misallocated and technology innovations will be inhibited. Further studies indicate that the influences of economic growth target constraints on technological innovation have significant heterogeneity in terms of regions, levels of cities and the completion of economic growth target.
作者
王展祥
龚广祥
麦愈强
WANG Zhan-xiang;GONG Guang-xiang;MAI Yu-qiang(Jiangxi University of Finance and Economics,Nanchang 330013;Institute of Industrial Economics,CASS,Beijing 100044;Guangdong University of Technology,Guangzhou 510623,China)
出处
《当代财经》
CSSCI
北大核心
2021年第9期3-15,共13页
Contemporary Finance and Economics
基金
江西省教育厅科技项目“新一轮科技和产业革命背景下中国经济发展风险的识别与防范化解对策研究”(GJJ190268)
江西省高校人文社会科学重点研究基地项目“新冠病毒疫情对我国政府民间平衡性产业规制的影响及对策研究”(JD20024)
中国博士后科学基金项目“土地市场化改革风险形成机理及预警防控体系研究”(2021M690779)
关键词
经济增长目标
技术创新
资源错配
economic growth target
technology innovation
resources misallocation
adding more at every lower level
constraint characteristics
