区域金融化、地方政府行为与产业结构升级——基于中国四大经济区域面板数据的实证研究

发布时间：2018-05-01 15:39

本文选题：区域金融化 + 地方政府行为　；参考：《贵州财经大学学报》2017年06期

【摘要】：通过我国四大经济区域2006—2015年面板数据,运用工具变量法实证分析了区域金融化水平提升对产业结构升级的影响,以及存在不同程度地方政府干预金融业行为时,这种影响是否存在显著差异。研究发现:(1)区域金融化水平提升对产业结构升级有显著促进作用,且欠发达相较于发达地区边际贡献效应更大。(2)地方政府干预属地金融业运行导致金融功能抑制与市场化配置机制扭曲,削弱了对产业结构升级的促进作用,且财政收支压力越大的地区负面影响越严重。因此,要建立金融化与产业结构升级的良性循环机制,其核心在于加快区域金融市场化改革进程,将财政体制改革纳入同一分析框架,实现与区域金融化演进的协调有序推进。
[Abstract]:Based on the panel data from 2006 to 2015 in four major economic regions of China, this paper empirically analyzes the impact of the upgrading of regional financial level on the upgrading of industrial structure by means of the instrumental variable method, and the existence of different degrees of local government intervention in the financial sector. Whether there is a significant difference in this effect. The study found that the upgrading of regional financialization level has a significant role in promoting the upgrading of industrial structure. Compared with the less developed areas, the marginal contribution effect of the less developed areas is greater than that of the less developed regions. The local governments' intervention in the operation of the territorial financial sector leads to the suppression of financial function and the distortion of the market-oriented allocation mechanism, which weakens the promotion of the upgrading of the industrial structure. And the greater the pressure of fiscal revenue and expenditure, the more serious the negative impact. Therefore, to establish a benign cycle mechanism of financialization and industrial structure upgrading, its core lies in speeding up the process of regional financial marketization reform, bringing the financial system reform into the same analytical framework, and realizing the coordinated and orderly promotion of the evolution of regional finance.
【作者单位】：中央财经大学博士后科研流动站;
【基金】：国家社会科学基金重点项目“当代垄断资本金融化研究”(12AJL002)阶段性研究成果
【分类号】：D630;F121.3;F832

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