摘要
以不同地区相继实施的自贸区战略为准自然实验,运用多期双重差分法考察了自贸区政策对经济高质量发展的影响。实证结果表明:自贸区建设能够显著提高地区经济高质量发展水平。基于金融资源配置效率和股东属性的分组检验显示:与国有企业相比,自贸区战略对非国有企业所在区域的经济高质量发展作用相对更大;与金融资源配置效率较低的地区相比,自贸区设立对金融资源配置效率较高地区的经济高质量发展影响相对更明显。中介效应模型进一步显示自贸区提升经济高质量发展水平主要通过提高地区的直接投资比重、企业的专利申请量和资本配置效率三个机制共同实现。基于金融资源配置效率视角对作用机制的检验结果表明,自贸区战略对金融资源配置效率较高地区的经济高质量发展的积极作用更显著。
Taking the free-trade-zone strategy implemented successively in different regions as the quasi-natural experiment,we used the multi-period double difference method to analyze the impact of the free-trade-zone policy on high-quality economic development.The results show that:free trade area can significantly improve high-quality economic development.The grouping test based on the efficiency of financial resource allocation and shareholders'attributes shows that compared with state-owned enterprises,FTA strategy has a greater effect on the region where non-state-owned enterprises are located.Compared with regions with low financial resource allocation efficiency,free trade zone has a more obvious impact on regions with high financial resource allocation efficiency.The mediation effect model shows that the improvement of high-quality economic development in free trade zone is realized through three mechanisms to increase the number of patent applications,the proportion of direct investment and the efficiency of enterprise capital allocation.
作者
魏蓉蓉
李天德
WEI Rongrong;LI Tiande(School of Economics,Nanjing University,Nanjing 210093,China;Business institute of one belt and one road,Wuxi Environmental Science and Engineering Research Center,Wuxi 214153,China;School of Economics,Sichuan University,Chengdu 610065,China)
出处
《商业经济与管理》
CSSCI
北大核心
2020年第5期77-87,共11页
Journal of Business Economics
基金
国家社会科学基金重点项目“集中连片特困民族地区乡村振兴战略研究”(18AMZ012)
江苏省高校哲学社会科学研究项目“金融供给侧结构性改革对江苏经济高质量发展的影响机理研究”(20195JA0857)
江苏省博士后科学研究资助计划项目“金融资源配置对江苏省经济与质量发展作用机制和传导研究”。
关键词
经济高质量发展
自由贸易区
双重差分
high-quality economic development
free trade area
differences-in-differences
