摘要
本文以2009—2019年我国30个省市区(因数据缺失,不包括西藏地区和港澳台地区)为研究样本,综合利用空间杜宾模型和面板门槛模型考察绿色金融对企业全要素生产率(TFP)的空间效应,并分析其中的中介机制。主要结论如下:①绿色金融对企业TFP存在明显促进效应和空间溢出效应;②在影响机制方面,绿色金融与TFP之间的关系受到了产业结构调整、技术创新发展、区域经济发展水平和城镇化水平的中介影响,且存在明显的门槛效应。其中产业结构、技术创新的提升能够有效提升绿色金融对TFP的带动效应,而经济发展水平在两者间存在逐步弱化效应,城镇化水平则对两者间的影响呈“U”型。本文研究结论为推进企业绿色转型升级,提升全要素生产率战略目标,完善绿色金融体系提供了重要的方向性参考。
Taking 30 provinces and municipalities in China from 2006 to 2016,the spatial effect of green finance on the total factor productivity(TFP)of enterprises is investigated comprehensively using the spatial Dubin model and panel threshold model,and the intermediary mechanism is analyzed.The main conclusions are as follows.Green finance has a significant promotion effect and space spillover effect on TFP of enterprises.In terms of impact mechanism,the relationship between green finance and TFP has been affected by the intermediary influence of industrial structure adjustment,technological innovation and development,regional economic development level and urbanization level,and there are obvious threshold effects.Among them,the improvement of industrial structure and technological innovation can effectively promote the driving effect of green finance on TFP,and the level of economic development between the two gradually weakens,and the impact of urbanization on the two is U‐shaped.The research conclusions provide important directional references for advancing the green transformation and upgrading of enterprises,improving the strategic goals of total factor productivity,and improving the green financial system.
作者
张木林
赵魁
Zhang Mulin;Zhao Kui(Guizhou Socialist College,Guiyang 550002,China;School of Economics and Management,Guizhou Normal University,Guiyang 550025,China)
出处
《技术经济》
CSSCI
北大核心
2021年第5期64-72,共9页
Journal of Technology Economics
基金
国家自然科学基金“绿色金融与企业全要素生产率的空间溢出效应研究”(71973125)
教育部2020年高校思想政治工作精品培育项目(实践育人)“国家大学科技园+三级众创实践育人共同体建设与实践”(202030)
教育部2019年产学合作协同育人项目“智慧金融课程群建设研究”(2015DC03)。
关键词
绿色金融
全要素生产率
空间溢出
门槛效应
green finance
total factor productivity
space spillover
threshold effect
