要素匹配、吸收能力与科技金融耦合价值链实现——国际经验与中国案例

›› 2020, Vol. 32 ›› Issue (1): 29-39.

要素匹配、吸收能力与科技金融耦合价值链实现——国际经验与中国案例

王仁祥, 杨曼

武汉理工大学经济学院, 武汉 430070

收稿日期:2017-03-27 出版日期:2020-01-28 发布日期:2020-01-19
作者简介:王仁祥,武汉理工大学经济学院教授,博士生导师,博士;杨曼,武汉理工大学经济学院讲师,博士。
基金资助:
国家社会科学基金项目（13BJY023）；中央高校基本科研业务费专项资金项目（2015-yb-011）。

Factor Matching, Absorptive Capacity and Technology-Finance Coupling Value Chain Realization: Empirical Evidence from Cross-country Data and Application in China

Wang Renxiang, Yang Man

School of Economics, Wuhan University of Technology, Wuhan 430070

Received:2017-03-27 Online:2020-01-28 Published:2020-01-19

摘要/Abstract

摘要：

本文引入科技金融耦合价值链的讨论，并从要素匹配、吸收能力异质性出发，考察了吸收能力要素在科技金融耦合价值链实现中的门槛效应。在此基础上，利用47个国家1980-2013年的跨国面板数据进行了实证检验，结果表明，经济基础、制度环境和人力资本等吸收能力要素对科技金融耦合价值链的实现具有显著双重门槛效应。进一步的研究发现，改革开放以来，中国科技金融耦合的过程得到了明显改善，基本实现了由严重失调衰退向良好协调发展的转变，但吸收能力要素水平较为低级，仍处于{中等经济基础、低制度环境、中等人力资本}阶段，如此不利于科技金融耦合价值链的实现。上述研究能为中国科技金融实践提供理论依据，避免陷入"重规模、轻吸收"的"科技金融陷阱"。

关键词: 要素匹配, 吸收能力, 科技金融耦合, 价值链实现

Abstract:

Based on the discussion of technology-finance coupling value chain, this paper explores the absorptive capacity factors' threshold effects on the value chain realization, from the perspective of factor matching and heterogeneity of absorptive capacity. The em-pirical analysis, based on the database of 47 countries from 1980 to 2013, shows that absorptive capacity factors, such as economic growth, institutional environment and human capital, have significant double threshold effects on the value chain realization. Further-more, the case study of China indicates that, since the reform and opening-up, the process scale of China's technology-finance coupling has improved significantly, realizing the transition from severe imbalance recession to well coordinated development. However, the ab-sorption capacity factors' level is relatively low, as evidenced by "medium economic growth, low institutional environment and medium human capital". Thus, it is not conducive to the realization of the coupling value chain. The results not only have policy enlightenments for the practice of finance-technology in China, but also can help avoid falling into the trap of emphasizing on the scales up, while neg-lecting the absorptive capacity.

Key words: factor matching, absorptive capacity, technology-finance coupling, value chain realization

王仁祥, 杨曼. 要素匹配、吸收能力与科技金融耦合价值链实现——国际经验与中国案例[J]. , 2020, 32(1): 29-39.

Wang Renxiang, Yang Man. Factor Matching, Absorptive Capacity and Technology-Finance Coupling Value Chain Realization: Empirical Evidence from Cross-country Data and Application in China[J]. , 2020, 32(1): 29-39.

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