金融结构、人力资本结构、技术结构和经济增长 ——基于新结构金融学和劳动经济学双视角的研究

Financial Structure, Human Capital Structure, Technological Structure, and Economic Growth: An Inquiry from the Dual Perspectives of Neostructural Finance and Labor Economics

摘要:

本文基于2012-2022年我国30个省际面板数据，运用双固定和门槛模型，实证检验不同禀赋结构和技术结构下，金融结构、人力资本结构及协调发展对技术进步和经济增长的非线性影响。研究发现:只有当金融结构与技术结构相匹配，金融结构才能显著促进技术进步；只有当人力资本结构与技术结构相匹配，人力资本结构才能显著推动技术进步；金融结构和技术结构相匹配，技术结构与禀赋结构相匹配，是金融结构发挥经济增长效应的必要条件；人力资本结构和技术结构相匹配，技术结构与禀赋结构相匹配，是人力资本结构促进经济增长的必要条件；我国人力资本结构扭曲程度大于金融结构且两者协调发展程度不高；就正向影响技术进步和经济增长的大小而言，金融结构和人力资本结构协调发展>金融结构>人力资本结构。

Abstract:

Based on 30 inter-provincial panel data in China from 2012 to 2022, this paper empirically examines the nonlinear effects of financial structure, human capital structure, and coordinated development on technological progress and economic growth under different endowment structures and technological structures, using double fixed and threshold models. The study finds that: financial structure can significantly promote technological progress only when financial structure matches technological structure; human capital structure can significantly promote technological progress only when human capital structure matches technological structure; matching financial structure and technological structure, and matching technological structure and endowment structure are necessary conditions for financial structure to exert economic growth effects; matching human capital structure and technological structure The match between human capital structure and technological structure, and the match between technological structu