【摘要】：本文對G-S模型進(jìn)行拓展,從理論層面刻畫了金融發(fā)展通過緩解企業(yè)的研發(fā)融資約束來提升企業(yè)的全要素生產(chǎn)率的作用機(jī)理,采用2005-2007年中國工業(yè)企業(yè)數(shù)據(jù),驗證了G-S模型的理論預(yù)期。同時,本文研究發(fā)現(xiàn):若不考慮金融發(fā)展的融資約束緩解效應(yīng),研發(fā)對企業(yè)的全要素生產(chǎn)率并沒有表現(xiàn)出預(yù)期的促進(jìn)作用;較之于國有、外資企業(yè)等,金融發(fā)展在緩解私營企業(yè)的研發(fā)融資約束進(jìn)而推動其全要素生產(chǎn)率的增長上扮演著更為重要和顯著的角色;分地區(qū)估計表明,金融發(fā)展的融資約束緩解效應(yīng)在東部最為顯著,在西部則最弱。這表明在深化金融體制改革的基礎(chǔ)上消除基于所有制性質(zhì)的信貸歧視并協(xié)調(diào)區(qū)域金融發(fā)展差異,應(yīng)成為我國進(jìn)一步轉(zhuǎn)變經(jīng)濟(jì)發(fā)展方式的題中應(yīng)有之義。
[Abstract]:In this paper, the G / S model is extended, and the mechanism of financial development to enhance the total factor productivity (TFP) of enterprises by alleviating the R & D financing constraints of enterprises is described theoretically, and the data of Chinese industrial enterprises from 2005 to 2007 are adopted. The theoretical expectation of the G 鈮，

本文編號：2495337