摘要
Abstract
The article is based on province-level panel data from 2011 to 2022.It constructs a new quality productive forces indicator system and measures the development level of new quality productive forces using the entropy weight TOPSIS method.Using benchmark regression,mediation,and threshold regression models,this study examines how digital finance affects new quality productive forces and identifies the underlying mechanisms.The results show that digital finance sig-nificantly promotes new quality productive forces,with the findings remaining robust after addressing endogeneity and performing robustness checks.Mechanism tests reveal that digital finance fosters new quality productive forces by reducing capital misallocation,promoting the agglomeration of high-tech industries,and supporting green technological innovation.The threshold effect tests show that the promotion effect of digital finance on new quality productive forces gradually strengthens with the advancement of industrial structure and the development of the private economy.Furthermore,heterogeneity analysis indicates that digital finance has a greater promoting effect on new quality productive forces in the eastern and central regions compared to the western region.关键词
数字金融/新质生产力/资本要素/高技术产业集聚/绿色技术创新Key words
Digital Finance/New Quality Productive Forces/Capital Factor/Agglomeration of High-tech Industries/Green Innovation分类
管理科学
