| 戴魁早,黄姿,王思曼.数字经济促进了中国服务业结构升级吗？[J].数量经济技术经济研究,2023,(2):90-112 |
| 数字经济促进了中国服务业结构升级吗？ |
| Does the Digital Economy Promote the Structural Upgrading of the Chinese Service Industry? |
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| 中文关键词: 数字经济 现代服务业 政府治理效能 要素配置效率 |
| 英文关键词: Digital Economy Modern Service Industry Government Governance Efficiency Element Allocation Efficiency |
| 基金项目:本文获得国家自然科学基金项目“技术要素市场发展对中国制造业生产率增长的影响机制及调控政策研究”（72173042）、国家自然科学基金面上项目“要素价格扭曲对中国高技术产业出口技术复杂度的影响机制及调控政策研究”（71773107）、湖南省研究生科研创新项目“数字经济对服务业高质量发展的影响研究”（CX20211019）和湖南省研究生科研创新项目“要素市场化配置改革推进长株潭城市群制造业高质量发展研究”（CX20221047）的资助。 |
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| 中文摘要: |
| 本文结合当前大力发展数字经济的背景,在政府与市场关系的理论框架下,探究数字经济对中国服务业结构升级的影响及其机制。研究发现,数字经济显著促进了中国城市服务业结构升级,政府治理效能显著增强了数字经济的促进作用。数字经济可以通过提高劳动力、资本和技术等要素效率推动服务业结构升级;政府治理效能强化了数字经济的资本效率提升机制和技术效率提升机制,但未明显改善数字经济的劳动效率提升机制。异质性分析表明,数字经济四个维度的影响效果存在一定差异,数字产业、数字用户和数字平台产生了正向影响,但数字创新的作用并不显著;另外,数字经济对一线城市、中心城市、东部城市和服务业结构水平较高城市的促进作用更为明显。本文丰富了数字经济与产业结构等相关领域的研究,也为中国数字经济发展和服务业结构升级提供了一定的参考依据和政策启示。 |
| 英文摘要: |
| The rapid growth of digital finance in China has attracted considerable attention An interesting question in this context is how the development of digital finance will affect traditional banking institutions; however, the empirical literature has been ambiguous regarding this question While some scholars believe that the rapid expansion of digital finance has imposed competitive pressures on traditional banks, thus threatening their businesses in different channels, others believe that commercial banks are successfully embracing and actively adopting digital technology to upgrade their financial business and improve business efficiency As an important part of digital finance, the emergence and development of digital lending by non banking financial institutions have intensified competition in the credit market The impact of digital lending on the traditional financial industry (as represented by commercial banks) is worth exploring In this study, the nonlinear relationship between the development of digital lending and the expansion of bank branches is explored based on county level macroeconomic panel data from 2014 to 2019 and the China Household Finance Survey in 2017 and 2019Two way fixed effect model and pooled ordinary least squares model are applied in this study to explore the nonlinear relationship between digital lending and bank branch expansion at macro and micro levels, respectively At the macro level, there is a U shaped relationship between digital lending and bank branch expansion In the early stage, the development of digital lending negatively impacts the expansion of bank branches, suggesting that digital lending acts as a competitor to commercial banks However, with the further development of digital lending, these negative impacts gradually fade, and credit lending starts to positively impact the development of commercial banking Heterogeneous analysis shows that this impact of digital lending on bank branch expansion is different across different types of banks and different regions These results show that digital lending by non financial institutions has a stronger impact on rural commercial banks The U shaped relationship between digital lending and bank branch expansion is more prominent in rural areas, economically underdeveloped areas, and the western regions of ChinaAt the micro level, the findings corroborate the existence of a U shaped relationship between the development of digital lending in the region and the debt structure in the family at the household level The early development of digital lending will significantly reduce the use of formal banking loans in the household However, when digital lending develops to a certain level, both the scale and proportion of formal banking loans borrowed by families will increase This finding further verifies the conclusion based on macro level empirical evidenceThis study contributes to the research on banking and digital finance in the following aspects: First, few studies have explored the impact of digital credit development on the traditional banking industry Based on a county level panel dataset, the impact of digital lending development on bank expansion is systematically assessed, and the challenges faced by traditional financial institutions under the “new finance” format are explored The findings enrich research in related fields This study reflects the development of regional financial markets, especially rural financial markets in a more accurate way Second, the heterogeneous impact of digital lending on the expansion of bank branches in different regions and different types of banks is discussed Third, by studying the debt structure of micro level households, digital lending was found to have a similar impact on the borrowing of formal banking loans by families, which further verifies the impact of digital lending on traditional banking business Fourth, the U shaped relationship between digital lending and bank branch expansion identified in this study addresses the controversy in the relevant literature to a certain extent This study shows that digital lending development and traditional banking development do not follow a simple linear relationship, which provides new insights for future research in related fields |
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