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党的二十大报告指出，促进区域经济协调发展是优化高质量发展区域经济布局的重要举措。近年来，风险投资在我国经济发展和转型方面发挥了巨大作用，风险投资通过解决科技型中小企业融资难题，提升了区域经济活力。除带来资金外，风险投资也带来了先进的技术及丰富的管理经验，能够减少企业面临市场时的不确定性，充分发挥地区后发优势，从而促进区域经济协调发展。因此通过全面探讨风险投资影响区域经济协调发展的效应、路径及对策，对优化我国区域经济空间结构，完善高质量发展的区域经济布局，有着重要的理论意义与实践价值。       

本文系统整理了国内外有关文献，围绕风险投资与区域经济协调发展之间的关系，进行了理论和实证方面的研究。在理论分析方面，本文在梳理相关文献的基础上，基于文献分析法和定性分析法，结合后发优势理论、资源配置理论、经济地理理论、现代资本理论深入剖析了风险投资对区域经济协调发展的作用机理，并提出了相应的研究假设：风险投资能直接推动区域经济协调发展，同时可以通过科技投入、产业集聚、人力资本间接推动区域经济协调发展，为下文的实证分析奠定了理论基础。在实证分析方面，基于定量分析法，文章以2007-2021年间31省（市、自治区）为研究样本，综合运用基准回归分析、异质性分析、空间效应分析、中介效应分析等方法，实证检验了风险投资对区域经济协调发展的影响。研究结果表明：（1）风险投资能从整体上推动区域经济协调发展，但对样本进行分地区检验后发现，风险投资影响区域经济协调发展存在着区域异质性。（2）风险投资能通过科技投入、产业集聚、人力资本这三条路径促进区域经济协调发展，但进行中介效应分析之后发现，这三条路径所发挥的中介作用不尽相同。其中产业集聚发挥的中介效应最大，为32.27%。科技投入和人力资本中介效应占比分别为14.08%和24.77%。实证分析结果进一步验证了前文提出的研究假设，同时也据此提出了提高风险投资使用效率，激发区域经济发展活力；引导风险投资合理发展，充分发挥地区后发优势；提升科技投入水平，推动科技成果转化；精准优化产业集聚空间布局，因地制宜制定产业政策；制定人才激励政策，鼓励人才向落后区域流动等政策建议。

The report of the 20th National Congress of the Communist Party of China pointed out that promoting coordinated regional economic development is an important measure to optimize the high-quality development of regional economic layout. In recent years, venture capital has played a huge role in China's economic development and transformation. By solving the financing difficulties of technology-based small and medium-sized enterprises, venture capital has enhanced regional economic vitality. In addition to bringing funds, venture capital also brings advanced technology and rich management experience, which can reduce the uncertainty faced by enterprises in the market, fully leverage the advantages of regional latecomers, and promote coordinated regional economic development. Therefore, by comprehensively exploring the effects, paths, and countermeasures of venture capital on the coordinated development of regional economy, it has important theoretical significance and practical value for optimizing the spatial structure of China's regional economy and improving the high-quality development of regional economic layout.

This article systematically compiles relevant literature at home and abroad, and conducts theoretical and empirical research on the relationship between venture capital and coordinated regional economic development. In terms of theoretical analysis, based on the review of relevant literature, this article uses literature analysis and qualitative analysis methods, combined with the theory of latecomer advantage, resource allocation theory, economic geography theory, and modern capital theory, to deeply analyze the mechanism of venture capital's role in the coordinated development of regional economy. Corresponding research hypotheses are proposed: venture capital can directly promote the coordinated development of regional economy, and can indirectly promote the coordinated development of regional economy through technology investment, industrial agglomeration, and human capital, laying a theoretical foundation for the empirical analysis in the following text. In terms of empirical analysis, based on quantitative analysis methods, this article takes 31 provinces (cities, autonomous regions) from 2007 to 2021 as research samples, and comprehensively uses methods such as benchmark regression analysis, heterogeneity analysis, spatial effect analysis, and mediation effect analysis to empirically test the impact of venture capital on regional economic coordinated development. The research results indicate that: (1) venture capital can promote coordinated regional economic development as a whole, but after conducting regional tests on the samples, it was found that there is regional heterogeneity in the impact of venture capital on coordinated regional economic development. (2) Venture capital can promote coordinated regional economic development through three paths: technology investment, industrial agglomeration, and human capital. However, after analyzing the intermediary effects, it is found that these three paths play different intermediary roles. The intermediary effect played by industrial agglomeration is the largest, accounting for 32.27%. The proportion of technology investment and human capital intermediary effect is 14.08% and 24.77%, respectively. The empirical analysis results further validate the research hypothesis proposed earlier, and based on this, propose to improve the efficiency of venture capital utilization and stimulate regional economic development vitality; Guide the rational development of venture capital and fully leverage the advantages of regional latecomers; Enhance the level of technological investment and promote the transformation of scientific and technological achievements; Accurately optimize the spatial layout of industrial clusters and formulate industrial policies tailored to local conditions; Develop talent incentive policies, encourage talent to flow to underdeveloped areas, and other policy recommendations.