金融科技发展对区域创新绩效的作用研究
|
摘要
基于创新价值链理论,将区域创新过程分成创新研发和成果转化两个子阶段,构建金融科技发展对区域创新作用的概念作用模型。在考虑区域开放度影响下研究二者的作用机制,并进一步分析区域政策和资源禀赋的调节作用。研究结果显示:我国区域创新的整体效率较低,主要是因为区域创新研发效率不高造成的。一方面,金融科技的发展优化了区域金融生态环境,通过金融发展的规模扩大、结构优化和效率提升促进区域创新绩效;另一方面,金融科技通过促进区域贸易和投资开放度提升创新研发效率,通过促进区域生产开放度提升创新成果转化效率;经济发展均衡的区域创新研发效率较高,经济发展不均衡的区域成果转化效率较高;现阶段我国创新支持政策多为促进成果转化而非创新研发,进而导致其政策效果不佳。基于上述分析结果,金融科技发展对区域金融生态和区域开放度的作用可以得到更好的指导,以此提高区域创新效率。
Based on the innovation value chain theory,dividing the regional innovation process into two sub-processes( innovation research and achievement transformation),we establish the conceptual model of the role of financial science and technology development in regional innovation. Considering the influence of the degree of regional openness,we study the affect mechanism of the two and we further analyze the regulatory role of regional policies and resource endowments. The results show that: the overall efficiency of regional innovation in China is low,mainly due to the inefficiency of regional innovation research. On the one hand,the development of financial science and technology has optimized the ecological environment of regional financial,and through the scale expansion of financial development,structural optimization and efficiency enhancement,regional innovation performance is promoted. On the other hand,financial science and technology improve the efficiency of innovation research through promoting regional trade and investment openness and promote the efficiency of innovation achievements transformation by promoting regional production openness. In the regions with balanced economic development,the efficiency of regional innovation research is higher; in the regions with unbalanced economic development,the efficiency of regional achievements transformation is higher. At present,China's innovation supportive policies are mostly to promote the achievements transformation rather than innovation research,thus the policy is relatively ineffective. Based on the above analysis results,the effect of the development of financial science and technology in regional financial ecology and regional openness can be guided better to improve the efficiency of regional innovation.
Based on the innovation value chain theory,dividing the regional innovation process into two sub-processes( innovation research and achievement transformation),we establish the conceptual model of the role of financial science and technology development in regional innovation. Considering the influence of the degree of regional openness,we study the affect mechanism of the two and we further analyze the regulatory role of regional policies and resource endowments. The results show that: the overall efficiency of regional innovation in China is low,mainly due to the inefficiency of regional innovation research. On the one hand,the development of financial science and technology has optimized the ecological environment of regional financial,and through the scale expansion of financial development,structural optimization and efficiency enhancement,regional innovation performance is promoted. On the other hand,financial science and technology improve the efficiency of innovation research through promoting regional trade and investment openness and promote the efficiency of innovation achievements transformation by promoting regional production openness. In the regions with balanced economic development,the efficiency of regional innovation research is higher; in the regions with unbalanced economic development,the efficiency of regional achievements transformation is higher. At present,China's innovation supportive policies are mostly to promote the achievements transformation rather than innovation research,thus the policy is relatively ineffective. Based on the above analysis results,the effect of the development of financial science and technology in regional financial ecology and regional openness can be guided better to improve the efficiency of regional innovation.
引文
[1]张杰,郑文平.全球价值链下中国本土企业的创新效应[J].经济研究,2017,52(3):151-165.
[2] Sokol M. Financialisation,financial chains and uneven geographical development:Towards a research agenda[J]. Research in International Business and Finance,2017,39:678-685.
[3] In Lee,Yong Jae Shin. Fintech:Ecosystem,business models,investment decisions,and challenges[J]. Business Horizons,2018,61:35-46.
[4] Hauser C,et al. Measuring regional innovation:A critical inspection of the ability of single indicators to shape technological change[J]. Technological Forecasting&Social Change,2018,10:1425-1438.
[5]徐荣贞,刘梦卓,姚伟.金融生态恢复力视角下系统性风险[J].系统工程,2017,35(2):30-35.
[6] Gchter M,Gkrintzalis I. The finance-trade nexus revisited:Is the global trade slowdown also a financial story?[J]. Economics Letters,2017,158:21-25.
[7] S9derlund B,Tingvall P G. Capital freedom,financial development and provincial economic growth in china[J]. The World Economy,2017,40(4):764-787.
[8]王业强,郭叶波,赵勇,等.科技创新驱动区域协调发展:理论基础与中国实践[J].中国软科学,2017,(11):86-100.
[9]赵增耀,周晶晶,沈能.金融发展与区域创新效率影响的实证研究——基于开放度的中介效应[J].科学学研究,2016,34(9):1408-1416.
[10]李晓龙,冉光和,郑威.金融发展、空间关联与区域创新产出[J].研究与发展管理,2017,29(1):55-64.
[11] Dong Wang,Hengzhou Xu,Xiaoyan Li. How to reduce local government decision-making competition in China’s new urbanization process[J]. Kybernetes,2015,44(5):671-691.
[12] Maiti D,Marjit S. Regional openness,income growth and disparity during 1980-2009[J]. South Asia Economic Journal,2015,16(1):145-166.
[13] Bert Scholtens. Why finance should care about ecology[J]. Trends in Ecology&Evolution,2017,32(7):500-505.
[14] Okuyama R. Importance of tacit knowledge in incremental innovation[J]. Journal of Strategy and Management,2017,10(1):118-130.
[15] Christoph Kumpan. Market-based financing in the capital markets union:The European commission’s proposals to foster financial innovation in the EU[J]. European Company and Financial Law Review,2017,14(2):336-364.
[16] Culkin N. Entrepreneurial universities in the region:The force awakens?[J]. International Journal of Entrepreneurial Behavior&Research,2016,22(1):4-16.
[17] Jie Wu,Steven Si,Xiaobo Wu. Entrepreneurial finance and innovation:Informal debt as an empirical case[J].Strategic Entrepreneurship Journal,2016,10(3):257-273.
[18] Agénor P-R,Otaviano Canuto. Access to finance,product innovation and middle-income traps[J]. Research in Economics,2017,71(2):337-355.
[19]杨朝均,杨文珂,李宁.中国区域对外开放度的差异分解及空间收敛性研究[J].研究与发展管理,2018,30(1):115-125.
[20] Xiaowen Tian,Wenjuan Ruan,Erwei Xiang. Open for innovation or bribery to secure bank finance in an emerging economy:A model and some evidence[J]. Journal of Economic Behavior and Organization,2017,142:226-240.
[21] Martens A,Vanhoucke M. The integration of constrained resources into top-down project control[J]. Computers&Industrial Engineering,2017,110:277-288.
[22] Taüp爧nar S,Doˇgan O,Bera A K. GMM gradient tests for spatial dynamic panel data models[J]. Regional Science and Urban Economics,2017,65:65-88.
[23] Hongbo Li,Yali Liu,Kaili Peng. Characterizing the relationship between road infrastructure and local economy using structural equation modeling[J]. Transport Policy,2018,61:17-25.
[24] Enneti R K,Morgan R,Atre S V. Effect of process parameters on the Selective Laser Melting(SLM)of tungsten[J]. International Journal of Refractory Metals and Hard Materials,2018,71:315-319.
[2] Sokol M. Financialisation,financial chains and uneven geographical development:Towards a research agenda[J]. Research in International Business and Finance,2017,39:678-685.
[3] In Lee,Yong Jae Shin. Fintech:Ecosystem,business models,investment decisions,and challenges[J]. Business Horizons,2018,61:35-46.
[4] Hauser C,et al. Measuring regional innovation:A critical inspection of the ability of single indicators to shape technological change[J]. Technological Forecasting&Social Change,2018,10:1425-1438.
[5]徐荣贞,刘梦卓,姚伟.金融生态恢复力视角下系统性风险[J].系统工程,2017,35(2):30-35.
[6] Gchter M,Gkrintzalis I. The finance-trade nexus revisited:Is the global trade slowdown also a financial story?[J]. Economics Letters,2017,158:21-25.
[7] S9derlund B,Tingvall P G. Capital freedom,financial development and provincial economic growth in china[J]. The World Economy,2017,40(4):764-787.
[8]王业强,郭叶波,赵勇,等.科技创新驱动区域协调发展:理论基础与中国实践[J].中国软科学,2017,(11):86-100.
[9]赵增耀,周晶晶,沈能.金融发展与区域创新效率影响的实证研究——基于开放度的中介效应[J].科学学研究,2016,34(9):1408-1416.
[10]李晓龙,冉光和,郑威.金融发展、空间关联与区域创新产出[J].研究与发展管理,2017,29(1):55-64.
[11] Dong Wang,Hengzhou Xu,Xiaoyan Li. How to reduce local government decision-making competition in China’s new urbanization process[J]. Kybernetes,2015,44(5):671-691.
[12] Maiti D,Marjit S. Regional openness,income growth and disparity during 1980-2009[J]. South Asia Economic Journal,2015,16(1):145-166.
[13] Bert Scholtens. Why finance should care about ecology[J]. Trends in Ecology&Evolution,2017,32(7):500-505.
[14] Okuyama R. Importance of tacit knowledge in incremental innovation[J]. Journal of Strategy and Management,2017,10(1):118-130.
[15] Christoph Kumpan. Market-based financing in the capital markets union:The European commission’s proposals to foster financial innovation in the EU[J]. European Company and Financial Law Review,2017,14(2):336-364.
[16] Culkin N. Entrepreneurial universities in the region:The force awakens?[J]. International Journal of Entrepreneurial Behavior&Research,2016,22(1):4-16.
[17] Jie Wu,Steven Si,Xiaobo Wu. Entrepreneurial finance and innovation:Informal debt as an empirical case[J].Strategic Entrepreneurship Journal,2016,10(3):257-273.
[18] Agénor P-R,Otaviano Canuto. Access to finance,product innovation and middle-income traps[J]. Research in Economics,2017,71(2):337-355.
[19]杨朝均,杨文珂,李宁.中国区域对外开放度的差异分解及空间收敛性研究[J].研究与发展管理,2018,30(1):115-125.
[20] Xiaowen Tian,Wenjuan Ruan,Erwei Xiang. Open for innovation or bribery to secure bank finance in an emerging economy:A model and some evidence[J]. Journal of Economic Behavior and Organization,2017,142:226-240.
[21] Martens A,Vanhoucke M. The integration of constrained resources into top-down project control[J]. Computers&Industrial Engineering,2017,110:277-288.
[22] Taüp爧nar S,Doˇgan O,Bera A K. GMM gradient tests for spatial dynamic panel data models[J]. Regional Science and Urban Economics,2017,65:65-88.
[23] Hongbo Li,Yali Liu,Kaili Peng. Characterizing the relationship between road infrastructure and local economy using structural equation modeling[J]. Transport Policy,2018,61:17-25.
[24] Enneti R K,Morgan R,Atre S V. Effect of process parameters on the Selective Laser Melting(SLM)of tungsten[J]. International Journal of Refractory Metals and Hard Materials,2018,71:315-319.