The Logic and Effect of Capital Matching, Innovation Cultivation to Drive High-Quality Development of Regional Economy
ZHONG Wen1,2, ZHENG Ming-gui1,2
1. Mining Development Research Center, Jiangxi University of Science and Technology, Ganzhou, Jiangxi, 341000; 2. School of Economics and Management, Jiangxi University of Science and Technology, Ganzhou, Jiangxi, 341000
Abstract:High-quality economic development requires not only capital accumulation, but also the leading of capital structure optimization. How to promote high-quality development of regional economy by improving capital matching is a topic worthy of attention. Based on the logic among capital matching, innovation cultivation and high-quality development of regional economy, this paper constructs a theoretical analysis framework, and uses a variety of spatial measurement approaches and panel threshold techniques to empirically analyze the relationship among the three. The findings are as follows. (1) Spatial correlation is an important factor that cannot be ignored in the process of capital matching and innovation cultivation to promote high-quality development of regional economy. (2) Both capital matching and innovation cultivation have positive impact on high-quality development of regional economy, but the latter has significantly bigger effect than the former in this regard. The coordination of capital matching and innovation cultivation is a strong driver for high-quality regional economic development, and they work better together than working respectively. This indicates that there is a positive interaction between capital matching and innovation cultivation: capital matching is conducive to innovation cultivation, and innovation cultivation helps enhance the quality of capital matching. (3) The threshold effect test shows that both capital matching and innovation cultivation have a threshold for high-quality development of regional economy. Only when they are compatible and coordinated can they better promote the high-quality development of regional economy.
钟文, 郑明贵. 资本匹配、创新力培育驱动区域经济高质量发展的逻辑及效应[J]. 《深圳大学学报》(人文社科版), 2022, 39(5): 63-72.
ZHONG Wen, ZHENG Ming-gui. The Logic and Effect of Capital Matching, Innovation Cultivation to Drive High-Quality Development of Regional Economy. , 2022, 39(5): 63-72.