珠三角城市群创业投资空间集聚及影响因素研究 ——基于粤港澳大湾区建设

On the Distribution and Influencing Factor of Venture Capital in Pearl River Delta City Group——under the Construction of Guangdong-Hong Kong-Macao Greater Bay Area

摘要:

创业投资作为融资市场的重要组成部分，其区域性集聚不仅体现了地区产业创新活力，也对创新创业资源流动有重要引导作用。基于2012-2018年珠三角城市群数据，研究采用熵值法和空间计量方法对其创业投资空间集聚分布和集聚影响因素进行实证分析，表明:（1）珠三角创业投资重点集聚于深圳和广州两市，东莞、珠海、中山等市的创业投资集聚水平次之，江门、肇庆、佛山、惠州等市水平较低;（2）创业投资集聚有显著空间相关性，呈现由空间集聚相关性逐年增强过渡到当前的回落并趋于稳定的两阶段模式；（3）地区人均生产总值、高新技术企业规模和科技创新人才等与创业投资有显著正相关性，而区域创新经费规模与创业投资虽有显著相关性，且呈正负效应兼有的情况。

Abstract:

Venture capital is the important part of financing market. The regional agglomeration not only reflects the regional industrial innovation vitality, also plays an important guiding role in the flow of innovation and entrepreneurship resources. Based on the data of Pearl River Delta City Group between 2012 year and 2018 year, this paper analyzes the regional agglomeration distribution and effect of venture capital with the method of location entropy and spatial econometrics，showing that: (1) Venture capital in the Pearl River Delta is mainly concentrated in Shenzhen and Guangzhou, followed by Dongguan, Zhuhai and Zhongshan, and the lowest in Jiangmen, Zhaoqing ,Foshan and Huizhou; (2)The cluster of venture capital investment has significant spatial correlation, showing a two-stage pattern from the spatial correlation increasing year by year to the current decline and tends to be stable; (3) Regional per capita GDP, scale of high-tech enterprises ,scientific and technological innovation talents have significant positive correlation with venture capital, while regional innovation expenditure scale has significant correlation with venture capital, showing both positive and negative situation.