【摘要】 数字金融借助信息技术，通过新型金融产品影响城市创新发展。本文基于2011—2018年中国289个城市的面板数据，探讨数字金融对城市创新能力的影响及其作用机制。研究发现，数字金融显著提升城市创新能力。进一步对数字金融降维发现，相对数字金融的使用深度而言，覆盖广度更有助于提升城市创新能力。机制分析表明，数字金融通过促进资本集聚和高素质劳动力集聚推动城市创新发展。此外，数字金融对城市创新的影响存在明显的地区差异。本文研究结论为数字金融发展、城市创新发展和包容性发展提供政策启示。更多还原

【Abstract】 With the help of information technology, digital finance affects the development of urban innovation through new financial products.Based on the panel data of 289 cities in China from 2011 to 2018,this article explores the impact of digital finance on urban innovation capabilities and its mechanism.The results show that digital finance has significantly improved the innovation capabilities of cities.By further dimensionality reduction of digital finance, it is shows that the coverage of digital finance is more conducive to enhancing the innovation capabilities of cities than the depth of use of digital finance.The mechanism analysis shows that digital finance promotes the development of urban innovation by promoting capital agglomeration and high-quality labor agglomeration.In addition, there are obvious regional differences in the impact of digital finance on urban innovation.The research conclusions of this paper provide policy implications for the development of digital finance, urban innovation development and inclusive development.更多还原