总产出视角下西部上市公司拉动区域经济增长比较研究

发布时间：2018-09-01 18:25

【摘要】：资本市场和宏观经济的关系是金融领域研究的重要问题之一。西部大开发十多年来，西部地区的平均经济增速超过全国平均水平，上市公司对区域经济的拉动作用和特征是本文的主要研究目的所在。本文主要从总产出角度研究西部上市公司和宏观经济的关系。从计算上市公司总产出贡献值入手，将上市公司和宏观经济的研究建立在统一的概念基础上，通过计算上市公司产出占比和产出拉动速度的指标研究上市公司产出和区域总产出之间的关系。分别从区域、行业和时间三个维度对西部上市公司拉动区域经济的特征展开比较研究。区域比较研究结果显示，西部地区上市公司对区域经济的拉动规模和拉动速度相比其他主体功能区相对较小；西部开发重要政策推出的年份西部上市公司产出拉动的短期政策效应较为明显；东部和其他主体功能区上市公司产出占比之间的差距在2005年之后明显拉大；西部和中部以及东北上市公司对于区域经济的拉动速度差异明显收敛；西部各省区上市公司对区域经济增长的拉动作用明显且推动了上市公司在省区内产出占比的提高；西部各省区拉动作用在2005年后进入快速拉动阶段；西部各省区产出占比和拉动速度的波动性呈现出和省区总产出大小的负相关关系。行业比较研究结果显示，1999-2011年西部地区的优势产业为金属非金属制造业、食品饮料业；其中食品饮料业长期保持了西部地区相对于其他区域的优势行业。在西部地区产出占比最大的金属非金属制造业相比其他区域不具备优势；不同时间段内西部上市公司中的优势行业变化明显，，西部各省区2005-2011年与1999-2004年相比，各省区的优势行业明显增加，而且作为西部优势行业的分布省区也出现明显增加。对于西部经济的拉动作用比较明显。西部各省区上市公司行业分布差异较大。其中四川省最多，青海、西藏等省区行业分布最少。西部地区在1999-2011年间的优势行业食品饮料业发挥优势的主要省区在：贵州、四川和新疆。金属非金属制造业发挥优势的主要省区在：甘肃、广西、内蒙、宁夏、新疆、云南和重庆这六个省区。
[Abstract]:The relationship between capital market and macro-economy is one of the important problems in the field of finance. In the past ten years, the average economic growth rate in the western region has exceeded the national average level. The main purpose of this paper is the pulling effect and characteristics of the listed companies on the regional economy. This paper mainly studies the relationship between western listed companies and macro-economy from the angle of total output. Starting with the calculation of the total output contribution of listed companies, the research on listed companies and macro-economy is based on a unified concept. The relationship between output and regional total output of listed companies is studied by calculating the ratio of output to output and the speed of output pulling. From the three dimensions of region, industry and time, this paper makes a comparative study on the characteristics of the western listed companies to pull the regional economy. The results of the regional comparative study show that the scale and speed of the listed companies in the western region to pull the regional economy is relatively small compared with the other main function areas; In the year of the important policy of western development, the short-term policy effect of the output pull of the western listed companies is obvious, the gap between the eastern and other main function areas of the listed companies' output ratio has widened obviously after 2005; The difference of the pulling speed of the listed companies in the west, the middle and the northeast of China to the regional economy converges obviously, and the listed companies in the western provinces and regions play an important role in the regional economic growth and promote the increase of the output of the listed companies in the provinces and regions. The pulling effect of the western provinces and regions entered the stage of rapid pulling after 2005, and the volatility of the output ratio and the pull speed of the western provinces and regions showed a negative correlation with the total output size of the provinces and autonomous regions. The results of industry comparison show that the dominant industries in the western region from 1999 to 2011 are metal non-metal manufacturing and food and beverage industry, among which the food and beverage industry has maintained the advantage of the western region compared with other regions for a long time. The metal nonmetallic manufacturing industry, which accounts for the largest proportion of output in the western region, has no advantage compared with other regions, and the dominant industries in the listed companies in the western region have obvious changes in different time periods, compared with the period of 1999-2004 between 2005-2011 and 1999-2004 in the western provinces and regions. The predominance industries of provinces and regions increased obviously, and the distribution of predominance industries in western China also increased obviously. To the western economy's pull effect is quite obvious. The distribution of listed companies in western provinces and regions is quite different. Among them Sichuan province is the most, Qinghai, Tibet and other provinces and regions industry distribution is the least. In 1999-2011, the main provinces in the western region were Guizhou, Sichuan and Xinjiang. The main provinces of non-metal manufacturing are Gansu, Guangxi, Inner Mongolia, Ningxia, Xinjiang, Yunnan and Chongqing.
【学位授予单位】：新疆财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F127;F279.27

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