Research on the Impact of Sci-Tech Finance on Industrial TFP

References

• Ang, J. B. (2010). Research, technological change and financial liberalization in South Korea. Journal of Macroeconomics, 32(1), 457–468. https://doi.org/10.1016/j.jmacro.2009.06.002
   Web of Science ®Google Scholar
• Beck, T., & Levine, R. (2004). Stock markets, banks, and growth. Journal of Banking & Finance, 28(3), 423–442. https://doi.org/10.1016/S0378-4266(02)00408-9
   Web of Science ®Google Scholar
• Benfratello, L., Schiantarelli, F., & Sembenelli, A. (2005). Banks and innovation: Microeconometric evidence on Italian firms. Journal of Financial Economics, 90(2), 197–217. https://doi.org/10.1016/j.jfineco.2008.01.001
   Google Scholar
• Calderón, C., & Liu, L. (2003). The direction of causality between financial development and economic growth. Journal of Development Economics, 72(1), 321–334. https://doi.org/10.1016/S0304-3878(03)00079-8
   Web of Science ®Google Scholar
• Chen, Q. Q., & Gui, B. W. (2013). Financial development and TFP: Level and growth effects. Economic Theory and Economic Management, 271(7), 58–69.
   Google Scholar
• Demetriades, P., Du, J., Girma, S., & Xu, C. (2008). Does the Chinese banking system promote the growth of firms? WEF Working Papers.
   Google Scholar
• Fang, F. Q., & Xing, W. (2017). Economic volatility, financial development and the transformation of industrial firms’ technological progress patterns. Economic Research, 52(12), 76–90.
   Google Scholar
• Financial Stability Board. (2017). Fitech (EB/OL). https://www.fsb.org/work-of-the-fsb/financial-innovation-andstructural-change/fintech/
   Google Scholar
• Gao, J., & Liu, J. (2018). Research on the performance evaluation of public welfare fund based on DEA – Tobit model: Chongqing example. The Chinese Economy, 201(51), 116–129.
   Google Scholar
• Hansen, B. E. (2000). Sample splitting and threshold estimation. Econometrica, 68(3), 575–603. https://doi.org/10.1111/1468-0262.00124
   Web of Science ®Google Scholar
• He, D. A., & Yang, Y. J. (2019). Research on the impact of financial development on the overall productivity of Chinese industrial enterprises. Social Science Front, 285(3), 40–48.
   Google Scholar
• He, R. Y., & Zhang, Y. X. (2014). Study on contribution to science technology of Sci-tech finance in China: An empirical analysis based on vector auto-regressive model. Science and Technology Management Research, 34(8), 60–64.
   Google Scholar
• He, Y. M., & Luo, Q. (2018). Environmental regulation, technological innovation and industrial TFP of China: Reexamination of the “Strong Potter Hypothesis”. Soft Science, 32(4), 20–25.
   Google Scholar
• Kumbhakar, S. C., & Mavrotas, G. (2005). Financial sector development and productivity growth. Wider Working Paper.
   Google Scholar
• Li, G. X., & Mei, L. H. (2017). The direct effects and spillover effects of financial development on total factor productivity: Based on the perspective of spatial spillover. Journal of Guizhou University of Finance and Economics, 190(5), 41–49.
   Google Scholar
• Li, J., & Pan, Y. Z. (2017). Financial development, real sector and TFP growth: Based on Chinese provincial panel data. Economic Science, 15(5), 16–30.
   Google Scholar
• Li, J., & Xin, C. C. (2020). The effects of financial development on TFP growth in China’s cities: Empirical analysis based on the panel data of 260 cities. Contemporary Economic Management, 42(9), 70–78.
   Google Scholar
• Li, S. L. (2015). Financial agglomeration, government intervention and TFP. Finance Theory and Practice, 433(8), 81–84.
   Google Scholar
• Lu, F., & Han, S. R. (2015). Research on the impact of Sci-tech finance on Sci-tech innovation: Based on panel data model. China Soft Science, 294(6), 139–147.
   Google Scholar
• Preacher, K. J., & Hayes, A. F. (2008). Asymptotic and resampling strategies for assessing and comparing indirect effects in multiple mediator models. Behavior Research Methods, 40(3), 879–891. https://doi.org/10.3758/brm.40.3.879
   PubMed Web of Science ®Google Scholar
• Rioja, F., & Valev, N. (2004). Finance and the sources of growth at various stages of economic development. Economic Inquiry, 42(1), 127–140. https://doi.org/10.1093/ei/cbh049
   Web of Science ®Google Scholar
• Rousseau, P. L., & Wachtel, P. (2006). What is happening to the impact of financial deepening on economic growth. Social Science Electronic Publishing, 49(1), 276–288.
   Google Scholar
• Schumpeter (1912). The theory of economy development. Harvard University Press.
   Google Scholar
• Wang, F. Y., & Zheng, J. (2020). The impact of science and technology innovation and financial development on industrial agglomeration: Analysis of spatial Durbin model based on the data of Yangtze river economic zone. Science and Technology Progress and Countermeasures, 37(13), 45–53.
   Google Scholar
• Wen, Z. L., & Ye, B. J. (2014). Analyses of mediating effects: The development of methods and models. Advances in Psychological Science, 22(5), 731–745. https://doi.org/10.3724/SP.J.1042.2014.00731
   Google Scholar
• Xing, X. D. (2019). Analysis of regional difference and convergence in China financial development and TFP. Journal of Henhai University (Philosophy and Social Science Edition), 21(4), 42–51.
   Google Scholar
• Xu, Y. L., Wang, Y. D., & Lin, Y. (2011). Research on coupling coordinated degree evaluation of regional Sci-tech innovation and Sci-tech finance. Science and Technology Management, 32(12), 116–122.
   Google Scholar
• Yao, Y. J. (2012). Financial development and TFP growth: Does regional disparity matter? Contemporary Finance and Economics, 328(3), 43–53.
   Google Scholar
• Zhang, T., & Liu, L. (2019). Does the development of Sci-tech finance promote the improvement of TFP?: Research based on spatial econometric model. Finance and Economics, 498(2), 29–35.
   Google Scholar
• Zhang, X. Y., Zhou, Y., & Bai, W. (2019). Financial agglomeration and industrial TFP growth: Based on the mediating effect of R&D capital. Journal of Social Sciences of Jilin University, 59(2), 30–40.
   Google Scholar
• Zhao, C. W., Chen, C. F., & Tang, Y. K. (2009). Sci-tech Finance. Science Press.
   Google Scholar
• Zhou, G. F., & Zhang, C. H. (2019). Spatial econometric research about the regional innovation ability and total factor productivity. East China Economic Management, 33(6), 61–68.
   Google Scholar