摘要
在推进数字经济发展战略中,数字金融正在融入各行业产业链生态,研究数字金融对实体经济的影响,既是实现经济高质量发展的现实需要,又是推动实体经济复苏的必要途径与应有之义。本文运用2011—2020年我国30个省级城市的面板数据构建双向固定效应模型,实证检验了数字金融对实体经济资本回报率的影响。结果显示:数字金融对实体经济资本回报率具有明显的促进作用,且该作用具有延续性;从分维度来看,数字金融的促进效应在覆盖广度、使用深度和数字化程度三个层面均显著;从地区来看,数字金融的促进作用具有明显的区域异质性,在东部地区的影响显著高于中部和西部。同时,本文针对实证结果提出对策建议,以期有效推动数字金融与实体经济的健康发展。
In promoting the development strategy of digital economy,digital fi nance is integrating into the industry chain ecology of various industries.Studying the impact of digital fi nance on the real economy is a realistic demand to achieve high-quality economic development,and is also a necessary way and proper meaning to promote the recovery of the real economy.Using panel data of 30 provincial-level cities in China from 2011 to 2020,a two-way fi xed eff ects model is constructed to empirically test the impact of digital fi nance on the return on capital in the real economy.The results show that digital fi nance has a signifi cant promoting eff ect on the return on capital in the real economy,and the eff ect is continuous.In terms of dimensions,the promotion eff ect of digital fi nance is signifi cant at three levels:coverage breadth,the depth of application and digitalization degree.From the perspective of regions,the promotion eff ect of digital fi nance has obvious regional heterogeneity,and the impact in the eastern region is signifi cantly higher than that in the central and western regions.At the same time,countermeasures and suggestions are proposed based on the empirical results,in order to eff ectively promote the healthy development of digital fi nance and real economy.
作者
尤含香
YOU Hanxiang(Anhui University of Technology Ma’anshan,Anhui 243000)
出处
《中国商论》
2023年第8期78-81,共4页
China Journal of Commerce
关键词
数字金融
实体经济
资本回报率
面板数据
双向固定效应模型
digital fi nancial
real economy
rate of capital return
panel data
two-way fi xed eff ects model
