报告题目：Banking and Innovation: Evidence from the Industrial Revolution
报 告 人：魏金霖
报告时间： 2025年10月30日（周四）15:40-17:00
报告地点：博学楼 I-206
主办单位：高等经济研究院
【报告人简介】
魏金霖，香港科技大学社会科学部助理教授，本科与硕士毕业于北京大学，博士毕业于华威大学（英国），曾赴西北大学（美国）交流访问。他的研究聚集于从空间角度理解历史上的经济发展，主要致力于中国、英国及南亚的经济史。其论文发表在Journal of Development Economics 等期刊。
【内容摘要】
How did banks affect innovation in England and Wales between 1750 and 1825? Using a new district-level panel dataset on patents and banks, I find that better access to banking services increased patenting. My baseline estimation, which includes district and year fixed effects, shows that a one-standard deviation increase in banking access increased patenting by 15.6% of a standard deviation. I establish a causal relationship by constructing instrumental variables that utilize shocks to the money supply and the locations of historical post towns to predict the growth of country banks. My findings suggest that banks formed a national financial market that channeled surplus funds from rural districts to industrial areas that lacked credit. Banks increased patents acquired by industrialists and merchants by lowering the costs of procuring working capital. The effects of banks were larger in districts subject to tighter credit constraints and lacked access to the London money market.
【更多信息】
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撰稿：王杰 审核：胡蓉 单位：高等经济研究院
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