河北经贸大学学报
河北經貿大學學報
하북경무대학학보
Journal Of Hebei University Of Economics and Trade
2010年
4期
29~33
,共null页
IPO 经济增长 地区差距
IPO 經濟增長 地區差距
IPO 경제증장 지구차거
IPO; Economic Growth; Regional Disparity
中国大陆地区啪融资与经济发展水平存在显著的地区差异。以1990-2008年间中国31个省份的人均IPO筹资额和人均实际GDP水平数据为样本进行的省际和地带间ECM模型检验发现，地区经济差距与IPO融资差距之间存在长期均衡关系，IPO融资差距是地区差距的格兰杰成因。
中國大陸地區啪融資與經濟髮展水平存在顯著的地區差異。以1990-2008年間中國31箇省份的人均IPO籌資額和人均實際GDP水平數據為樣本進行的省際和地帶間ECM模型檢驗髮現，地區經濟差距與IPO融資差距之間存在長期均衡關繫，IPO融資差距是地區差距的格蘭傑成因。
중국대륙지구박융자여경제발전수평존재현저적지구차이。이1990-2008년간중국31개성빈적인균IPO주자액화인균실제GDP수평수거위양본진행적성제화지대간ECM모형검험발현，지구경제차거여IPO융자차거지간존재장기균형관계，IPO융자차거시지구차거적격란걸성인。
The evaluation based on the Cluster Analysis indicates that IPO and regional development in Chinese mainland present significant unbalanced situation. Aceording to the resuh of ECM basing on average real GDP per capita and average IPO funding per capita which 31 provinces＂ data from 1990 to 2008 are used, there is a long-term equilibrium relationship between regional disparity and regional IPO funding difference. Furthermore, regional IPO funding difference is Granger Cause of regional disparity. The paper adopts four kinds of mechanism, such as polarization effect of invest and capital aocurnulation, capital allocation efficiency, institutional transformation and the wealth effect, to explain the above phenomenon.
