摘要
运用2008—2017年中国30个省(市、区)的面板数据,构建科技金融综合指标,建立面板门槛回归模型,研究科技金融发展对制造业自主创新能力的非线性作用效果。结果表明:科技金融发展水平在总体上能正向促进制造业自主创新能力的提升,前者对后者的作用效果是存在门槛效应的非线性相关关系;科技金融发展对制造业自主创新能力的影响不仅存在门槛效应,而且前者的边际作用效果呈现出先递增后递减的趋势特征。
The article uses the panel data of 30 provinces(cities,districts)in China from 2008 to 2017 to construct a comprehensive index of science and technology finance,establish a panel threshold regression model,and study the non-linear effects of the development of science and technology finance on the independent innovation capability of manufacturing.The results show that:1.The development level of science and technology finance can promote the improvement of manufacturing independent innovation ability in general.The former effect on the latter is the nonlinear correlation of threshold effect.2.The impact of the development of science and technology finance on the independent innovation capability of manufacturing industry has not only the threshold effect,but also the marginal effect of the former shows the trend of increasing first and then decreasing.
作者
路启梅
马艳丽
许佳琦
Lu Qimei;Ma Yanli;Xu Jiaqi(Faculty of Finance,Anhui University of Finance and Economics,Bengbu 233000,China)
出处
《金融理论探索》
2019年第6期71-78,共8页
Exploration of Financial Theory
基金
安徽财经大学研究生社会实践项目和科研创新基金项目“‘工业4.0’时代下科技金融助力中国制造业转型升级的路径研究”(ACYC2018120)
关键词
科技金融
制造业
自主创新
面板门槛模型
门槛效应
technology finance
manufacturing
independent innovation
Panel threshold model
Threshold effect
