Collected Essays on Finance and Economics ›› 2023, Vol. 39 ›› Issue (12): 14-23.

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Market Integration Promotes Regional Innovation: Empirical Evidence from the Construction of a Unified Market

GUO Jin   

  1. School of Business,Nanjing Normal University,Nanjing 210023,China
  • Received:2022-11-04 Online:2023-12-10 Published:2023-12-19

市场整合促进区域创新发展研究——建设全国统一大市场的经验证据

郭进   

  1. 南京师范大学商学院,江苏 南京 210023
  • 作者简介:郭进(1989—),男,安徽宣城人,南京师范大学商学院副教授。
  • 基金资助:
    国家自然科学基金面上项目(72373073);国家自然科学基金青年项目(71803086);江苏高校哲学社会科学研究重大项目(2020SJZDA053)

Abstract: Based on the panel data of China's provinces and municipalities from 2003 to 2018,this paper studies the effects and mechanisms of market integration in promoting regional innovation development,and explores the path-selection of innovation development in different regions.It is found that commodity market integration promotes regional innovation development by expanding the market potential of new products,while capital market integration plays a positive role by improving the allocation efficiency of innovative resources.In addition,the integration of labor and capital markets also has an indirect impact on regional innovation by facilitating technological spillover.In terms of the choice of innovation path,all regions need to further promote the integration of commodity market,while regions with scarce innovation resources need to strengthen the integration of factor markets,so as to make up for the deficiency of resource endowment by improving the efficiency of resource allocation.At the same time,all regions need to explore the comparative advantages,and rationally choose the path of technological cooperation or technology-industry collaborative innovation.

Key words: Market Integration, Regional Innovation, Mechanism Analyses, Path Choice

摘要: 本文基于2003—2018年中国省市面板数据,分析市场整合促进区域创新的效应和机制,并探讨不同地区创新发展的路径选择。研究发现,商品市场整合通过扩大新产品市场潜力促进区域创新,资本市场整合则通过提高创新资源的配置效率发挥积极作用,劳动力及资本要素市场整合通过促进技术空间溢出对区域创新产生间接影响。在创新路径的选择上,各省市均需加快推进商品市场整合,而创新资源稀缺地区应加强要素市场整合,以资源配置效率的提升来弥补资源禀赋的“短板”。与此同时,各地区应发掘本地创新发展的比较优势,理性选择技术合作或“技术-产业”配套的协作创新道路。

关键词: 市场整合, 创新发展, 作用机制, 路径选择

CLC Number: