我国区域金融发展规模、金融效率与经济增长关系的实证分析
发布时间：2018-10-12 13:25
【摘要】：自改革开放以来,我国经济水平保持着快速稳健的发展趋势,综合国力和人民生活水平都有了极大的提高,我国的发展越来越受到全世界的关注。随着经济的增长和市场经济体制的不断完善,地区间经济发展水平差距越来越大,区域间经济发展不平衡的矛盾日益突显出来。金融作为经济的核心组成部分,已经在经济增长中发挥越来越重要的作用。同时,在金融地位和金融深化程度日益提高的背景下,金融发展已经成为衡量经济发展速度的标准。在区域经济发展差异日益扩大的同时,区域间的金融发展差异也越来越明显,金融发展在区域间也表现出了明显的不平衡。近年来,我国金融总量迅速扩张,而对区域金融发展差异的研究也主要局限在金融总量的层面上,对金融发展效率的研究不足。 基于此,本文分别从理论和实证角度对我国区域金融发展与经济增长之间的关系进行了研究。在理论部分,本文首先对国内外的金融发展与经济增长的研究理论进行归纳总结,然后介绍了经济增长与金融发展相互作用机制,最后分析了1997-2011年我国经济与金融的发展现状。在实证部分,首先利用数据包络分析法对各地区金融效率水平进行测度,然后利用省际面板数据,考察金融发展规模、金融效率与经济增长之间的协整关系,并利用完全修正普通最小二乘法对协整系数进行估计。 实证研究结果表明,我国整体金融体系效率水平并不高,而且各地区间金融体系效率差距日益扩大。从区域层面看,东部地区金融体系效率水平最高,而中部地区金融体系效率水平最低。而且,金融体系效率相对较高的城市由于所处区域不同,其金融效率较高的原因也不尽相同。同时,金融发展规模、金融效率和经济增长之间存在着长期的协整关系。从全国范围看,金融发展会促进经济增长,并且金融效率的促进作用更为明显。但是各地区间存在差异,东部地区金融发展会促进经济增长,并且金融效率的促进作用大于金融规模的促进作用；中部地区金融规模和金融效率对经济增长的促进作用相当,金融规模的促进作用略高于金融效率的促进作用；但西部地区金融规模对经济增长的作用不显著,金融效率改善在一定程度上会促进经济增长。 最后,针对研究结果,本文给出五点政策建议：第一,转变金融发展模式。第二,推进中国金融区域化发展战略,实施有差别的区域金融政策。第三,进一步深化经济金融体制改革。第四,构建中部和西部地区金融与经济的良性互动机制,重视中部和西部地区金融发展与经济增长的协调发展关系。第五,充分发挥各地区优势和特色,缩小区域间的经济发展差异。
[Abstract]:Since the reform and opening up, China's economic level has maintained a rapid and steady development trend, the comprehensive national strength and people's living standards have been greatly improved, and the development of our country has attracted more and more attention from the whole world. With the economic growth and the continuous improvement of the market economy system, the gap between the regional economic development level is increasing, and the contradiction of the regional economic development imbalance is becoming increasingly prominent. As the core part of economy, finance has played a more and more important role in economic growth. At the same time, under the background of increasing financial status and financial deepening, financial development has become the standard to measure the speed of economic development. At the same time, the differences of regional financial development are becoming more and more obvious, and the financial development has shown obvious imbalance among regions. In recent years, the total amount of finance in our country has expanded rapidly, and the research on the difference of regional financial development is mainly confined to the level of the total amount of finance, and the research on the efficiency of financial development is insufficient. Based on this, this paper studies the relationship between regional financial development and economic growth from the theoretical and empirical perspectives. In the theoretical part, this paper first summarizes the research theories of financial development and economic growth at home and abroad, then introduces the interaction mechanism between economic growth and financial development, and finally analyzes the current situation of economic and financial development in China from 1997 to 2011. In the empirical part, we first use data envelopment analysis method to measure the level of financial efficiency in various regions, then use inter-provincial panel data to investigate the co-integration relationship between financial development scale, financial efficiency and economic growth. The cointegration coefficient is estimated by the modified ordinary least square method. The empirical results show that the efficiency level of the whole financial system is not high and the gap between regions is widening day by day. At the regional level, the eastern region has the highest level of financial system efficiency, while the central region has the lowest level. Moreover, cities with relatively high financial system efficiency have different reasons for their higher financial efficiency due to their different regions. At the same time, there is a long-term co-integration relationship between the scale of financial development, financial efficiency and economic growth. From a national perspective, financial development will promote economic growth, and the promotion of financial efficiency is more obvious. However, there are differences among different regions. The financial development in the eastern region will promote economic growth, and the promoting role of financial efficiency will be greater than that of financial scale, and the financial scale and financial efficiency of the central region will promote economic growth in the same way. The promoting effect of financial scale is slightly higher than that of financial efficiency, but the effect of financial scale on economic growth is not significant in western region, and the improvement of financial efficiency will promote economic growth to a certain extent. Finally, according to the research results, this paper gives five policy recommendations: first, to change the financial development model. Second, promote the development strategy of China's financial regionalization and implement different regional financial policies. Third, further deepen the reform of the economic and financial system. Fourth, we should construct a benign interactive mechanism between finance and economy in the central and western regions, and attach importance to the harmonious development relationship between the financial development and economic growth in the central and western regions. Fifth, give full play to the advantages and characteristics of various regions and narrow the differences in regional economic development.
【学位授予单位】：东北财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F224;F127;F832.7
[Abstract]:Since the reform and opening up, China's economic level has maintained a rapid and steady development trend, the comprehensive national strength and people's living standards have been greatly improved, and the development of our country has attracted more and more attention from the whole world. With the economic growth and the continuous improvement of the market economy system, the gap between the regional economic development level is increasing, and the contradiction of the regional economic development imbalance is becoming increasingly prominent. As the core part of economy, finance has played a more and more important role in economic growth. At the same time, under the background of increasing financial status and financial deepening, financial development has become the standard to measure the speed of economic development. At the same time, the differences of regional financial development are becoming more and more obvious, and the financial development has shown obvious imbalance among regions. In recent years, the total amount of finance in our country has expanded rapidly, and the research on the difference of regional financial development is mainly confined to the level of the total amount of finance, and the research on the efficiency of financial development is insufficient. Based on this, this paper studies the relationship between regional financial development and economic growth from the theoretical and empirical perspectives. In the theoretical part, this paper first summarizes the research theories of financial development and economic growth at home and abroad, then introduces the interaction mechanism between economic growth and financial development, and finally analyzes the current situation of economic and financial development in China from 1997 to 2011. In the empirical part, we first use data envelopment analysis method to measure the level of financial efficiency in various regions, then use inter-provincial panel data to investigate the co-integration relationship between financial development scale, financial efficiency and economic growth. The cointegration coefficient is estimated by the modified ordinary least square method. The empirical results show that the efficiency level of the whole financial system is not high and the gap between regions is widening day by day. At the regional level, the eastern region has the highest level of financial system efficiency, while the central region has the lowest level. Moreover, cities with relatively high financial system efficiency have different reasons for their higher financial efficiency due to their different regions. At the same time, there is a long-term co-integration relationship between the scale of financial development, financial efficiency and economic growth. From a national perspective, financial development will promote economic growth, and the promotion of financial efficiency is more obvious. However, there are differences among different regions. The financial development in the eastern region will promote economic growth, and the promoting role of financial efficiency will be greater than that of financial scale, and the financial scale and financial efficiency of the central region will promote economic growth in the same way. The promoting effect of financial scale is slightly higher than that of financial efficiency, but the effect of financial scale on economic growth is not significant in western region, and the improvement of financial efficiency will promote economic growth to a certain extent. Finally, according to the research results, this paper gives five policy recommendations: first, to change the financial development model. Second, promote the development strategy of China's financial regionalization and implement different regional financial policies. Third, further deepen the reform of the economic and financial system. Fourth, we should construct a benign interactive mechanism between finance and economy in the central and western regions, and attach importance to the harmonious development relationship between the financial development and economic growth in the central and western regions. Fifth, give full play to the advantages and characteristics of various regions and narrow the differences in regional economic development.
【学位授予单位】：东北财经大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F224;F127;F832.7
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