IMF-熊彼特對嗎？金融科技與經(jīng)濟增長（英譯中）

2024Abstract關(guān)鍵字:3更有效地展示與分析特別相關(guān)的關(guān)鍵貢獻并發(fā)現(xiàn)更多的金融可能與更少的增長相關(guān)(Rou00（十億美元）2023).4andLi,2023).Whilefinancialdefinitionandinnovationcanmovembil2這項研究通過使用一個新的金融科技直接衡量標準數(shù)據(jù)集對文獻做出了貢獻，并digitalcapitalraising).WhiledigitallendingasashareofGDPhas5通過增加金融中介和為固定資本提供金融資源本文的其余部分結(jié)構(gòu)如下。第二節(jié)提供了數(shù)據(jù)概述本文提出的實證分析是基于一個不平衡的年度面板數(shù)據(jù)集。金融科技交易（不包括加密貨幣）占GDP的份額。主要6對于金融科技的發(fā)展，我將數(shù)字貸款和數(shù)字資本籌集與其他類型的控制與以下因素相關(guān)的其他人口和經(jīng)濟變量的影響education,whichareobtain變量ObservationsMean標準。dev.最小值最大值實際GDP增長1,7382.25.9-5固定資本形成總額1,48523.18.0數(shù)字借貸5940.10.3數(shù)字資本籌集1,0930.00.00.0Total1,1180.10.2實際人均GDP1,73813,70618,765通貨膨脹1,6205.321.1-4.3貿(mào)易開放1,58190.958.410.0對私營部門的國內(nèi)信貸1,52855.043.51.1258.9政府支出1,51717.18.63.6教育造詣94447.817.0政府穩(wěn)定1,2427.11.14.0官僚質(zhì)量1,2422.21.10.07and(iii)totalincludingallfintechinstrumentsasashareofGDP.Thesefiwhere???表示實際人均國內(nèi)生產(chǎn)總值增長或固定資本形成內(nèi)生和預(yù)先確定的變量由它們自己的適當(dāng)滯后來衡量8與自己的第一個差異的合適的滯后。我應(yīng)用系統(tǒng)的一步版本GMM在系統(tǒng)GMM估計中使用變量的所有可用滯后水平會導(dǎo)致andtheHansenJ-testfortheoveridentificationrestrictions.Theval是一階差分中一階和二階自相關(guān)擾動的p值實證分析為金融科技和金融科技之間的關(guān)系提供了有趣的見解。表明金融科技的規(guī)模和統(tǒng)計意義根據(jù)金融科技9AllAEEM數(shù)字資本籌集Totalfintech政府支出人口增長教育造詣?wù)€(wěn)定觀察次數(shù)0.406[0.329]0.406[0.329][1.391]9.805[8.621]9.805[8.621][11.700]0.789[0.323]-12.802**-9.936***-9.539***-9.148-10.427[4.121][3.803][3.783][4.514][4.130]-0.047-0.077***-0.076***0.0310.159[0.041][0.006][0.006][0.173][0.081]0.0540.063*0.059*0.0270.019[0.030][0.023][0.022][0.019][0.014]-0.022-0.009-0.015-0.011-0.004[0.008][0.005][0.006][0.009][0.003]-1.525***-1.015***-0.989***-1.667***-1.573***[0.180][0.219][0.225][0.157][0.181]1.765***0.630***0.609***1.053***0.883***[0.442][0.082][0.091][0.209][0.247]0.0220.0070.0070.0050.013[0.012][0.019][0.020][0.009][0.021]0.1360.1490.1440.0900.075[0.080][0.090][0.091][0.095][0.061]0.2540.9800.587[0.665][0.642][0.686][1.596][1.588]YesYesYesYesYesYesYesYesYesYes0.490.390.380.580.570.100[0.427]-33.076[29.223]1.3080.453[0.796][0.376]-7.193-18.120***-9.563***-10.252***[4.951][4.469][2.540][2.631]0.070-0.132***-0.061***-0.062***[0.133][0.021][0.005][0.005]0.0230.121**0.105***0.100***[0.011][0.040][0.030][0.031]-0.009-0.070**-0.037-0.037[0.006][0.023][0.016][0.019]-1.556***-1.283***-0.613***-0.622***[0.218][0.305][0.170][0.174]0.822**2.440**0.407***0.422***[0.235][0.321][0.118][0.128]0.0060.0600.0110.006[0.016][0.028][0.024][0.021]0.1020.2580.2220.208[0.066][0.151][0.130][0.127]1.3530.0321.1071.021[1.658][0.509][0.631][0.610]223174YesYesYesYesYesYesYesYes0.520.480.360.36AllAEEM0.354***0.429***0.439***0.237***0.308***0.300***[0.039][0.095][0.099][0.054][0.091][0.849***1.909*[0.176][0.785]17.61014.627[9.039][9.074]0.718***2.089**-0.459***-0.358*-0.379*-0.484-1.095-0.939-0.824*[0.074][0.148][0.148][0.780][0.528][0.499]-0.112**-0.049***-0.049***-0.266-0.275-0.296*[0.038][0.007][0.007][0.137][0.129][0.110]0.0020.0020.0020.0020.0030.0030.0110.011*0.010*[0.002][0.002][0.002][0.001][0.001][0.001]-0.003-0.002-0.003-0.005-0.003-0.003-0.001[0.004][0.004][0.003][0.006][0.005][0.005]-0.094-0.080-0.078-0.066-0.052-0.042[0.040][0.033][0.032][0.055][0.046][0.049]0.138***0.158*0.176*0.668**0.592**0.613**0.0290.1680.184[0.114][0.065][0.072][0.217][0.202][0.182]0.0170.0130.0120.0020.0090.0100.033**0.021*0.021*[0.008][0.007][0.007][0.007][0.011][0.011]0.1450.234***0.221***0.1270.1890.1860.0280.219[0.091][0.067][0.068][0.093][0.080][0.081]0.3850.2510.3240.0110.3830.3980.2310.050[0.195][0.159][0.156][0.344][0.323][0.299]YesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes0.0050.0000.0000.0030.0040.0010.0040.0000.0000.2170.4250.3170.6140.3420.2910.2090.7350.6860.2670.3690.3630.9920.8490.8020.2850.5990.467在發(fā)展中國家是負面的，這可能反映了金融科技在這方AllAEEM固定資本形成總額0.854***[0.145]0.700***[0.136]0.790***[0.134]Totalfintech0.322***[0.091]0.566***[0.115]-0.680***[0.204]實際人均GDPt-1-0.019*0.560-0.124[0.006][0.977][0.340]通貨膨脹-0.051**0.169-0.052**[0.018][0.125][0.018]貿(mào)易開放0.001-0.0020.005[0.002][0.003][0.007]金融發(fā)展0.004-0.0070.004[0.003][0.006][0.003]政府支出-0.025-0.060-0.055[0.041][0.078][0.066]人口增長0.085*0.0770.168*[0.017][0.104][0.035]教育造詣0.0090.0010.014[0.011][0.001][0.016]政府穩(wěn)定0.022***0.0590.100***[0.007][0.126][0.015]官僚質(zhì)量0.369*0.0850.261*[0.137][0.596][0.032]觀察次數(shù)533228305國家數(shù)量963264國家FE