金融发展、研发创新与区域技术深化

基于内生增长理论,本文构建了金融发展、研发创新与区域技术深化的实证研究框架,以面板协整和空间计量经济学方法,通过空间误差修正模型(SpECM)和面板动态最小二乘回归(DOLS)实证检验了中国金融发展的规模与效率的区域创新效应。实证结果表明,总体而言,金融发展规模与效率具有显著的研发创新效应,但区域差异显著,西部地区省份相对滞后,分产业的金融发展效率的区域创新效应也与中、东部省份之间存在显著差异。空间误差修正模型的估计结果进一步说明金融发展的效率与规模存在明显的空间相关性和空间溢出效应。因此,以金融发展促进中西部省份服务业的产业技术升级显得尤为重要;加强区际及国际贸易联系、促进省份层面技术引进与研发创新、共享技术空间溢出效应是缩小区域发展差异,实现区域经济协调发展的有效途径。

Financial Development,R&D Innovation and Regional Technology Deepen

Based on Endogenous economic growth theory,this paper proposes a financial development,R&D innovation and regional technology deepen empirical research framework.Using the panel cointegration and spatial econometrics methods,this paper demonstrates the existence of long-run cointegrated relationship between financial development which is measured in terms of scale and efficient and regional innovation effect by the means of spatial error correction model(SpECM) and panel DOLS model.These empirical results indicates that both the scale and efficient of financial development have statistically significant positive effect on regional innovation while the difference between individual region such as east,middle and west regional province of China are quite prominent.The west region is still lag behind than other regions of China.Its effect on individual industry is also quite low compare to other regions.SpECM model provides further evidence that there are significant spatial correlation and spatial spillover effect of financial development scale and efficiency.Furthermore,it has pivotal importance for improving the technology of service industry in middle and western province by the means of financial development.Strengthen inter-regional and international trade linkage,encouraging technology introduction and innovation for individual province which can share the spillover effect are effective measures for curbing regional disparity and realize harmonious development at regional level.