中国金融效率促进经济增长效应的区域差异及地方政府宏观调控的异质需求

发布时间：2018-01-23 06:10

本文关键词： 金融效率资金聚集资金配置经济增长政府干预异质性需求　出处：《技术经济》2017年10期 　论文类型：期刊论文

【摘要】：把金融效率分为资金聚集效率和资金分配效率,采用2001—2015年中国八大经济区域的面板数据,实证检验了资金聚集效率和资金分配效率与经济增长的关系,分别验证了政府干预对上述相关性的影响。全国整体层面的检验结果显示:资金聚集效率对经济增长具有促进作用;资金分配效率对经济增长具有抑制作用。分区域检验结果显示:资金聚集效率和资金分配效率对经济增长具有不同的作用效果,且存在明显的区域差异。加入政府干预变量后的检验结果显示:地方政府影响了区域金融效率促进经济增长效应的释放,且这种影响同样存在区域差距。这表明,具有不同发展初始条件的区域对金融政策的实施和调控具有异质需求,地方政府应根据区域发展的实际需求,结合经济增长转型及政府职能转变,选择合适的金融领域实施相应政策,有效提高区域金融效率,支持经济长期良性增长。
[Abstract]:The financial efficiency is divided into the efficiency of capital gathering and the efficiency of fund allocation, and the panel data of eight economic regions of China from 2001 to 2015 are used. The relationship between the efficiency of capital gathering and the efficiency of fund allocation and economic growth is tested empirically. The effects of government intervention on the above correlation are verified respectively. The results of the whole national level show that: the efficiency of capital accumulation has a positive effect on economic growth; The results of sub-regional test show that the efficiency of fund aggregation and the efficiency of fund allocation have different effects on economic growth. And there are obvious regional differences. After adding the government intervention variables, the test results show that: local governments affect the regional financial efficiency to promote the release of economic growth effect. And there is also a regional gap in this effect, which indicates that there is a heterogeneous demand for the implementation and regulation of financial policies in regions with different initial conditions of development, and local governments should take into account the actual needs of regional development. Combined with the transformation of economic growth and government function, the appropriate financial field should be chosen to implement the corresponding policies to effectively improve the regional financial efficiency and support the long-term benign growth of the economy.
【作者单位】：重庆交通大学经济与管理学院;重庆工商大学会计学院;
【基金】：国家社会科学基金项目“基于政府行为边界界定的政府行为与金融市场的契合机制研究”(14XJL004);国家社会科学基金项目“长江上游通道经济协同与区域经济开放格局构建研究”(15CJL059)
【分类号】：F123.16;F124.1;F832
【正文快照】： 1研究背景经济波动和阶段性特征较明显的转型国家面临双重的经济任务,需要同时进行经济转型与深化发展:一方面,要积极调整经济结构,发展高新技术产业;另一方面,要增强现有存量经济系统的活力,发挥市场机制的作用。在银行体系和证券市场的发展规划方面,虽然发达国家的储蓄率较

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