经济经纬
經濟經緯
경제경위
Economic Survey
2014年
4期
7~12
,共null页
金融集聚 全要素生产率 异质性 GMM模型
金融集聚 全要素生產率 異質性 GMM模型
금융집취 전요소생산솔 이질성 GMM모형
Financial Agglomeration; Total Factor Productivity; Regional Heterogeneity; GMM Model
基于Malmquist指数法和区位熵指数法分别对我国的全要素生产率增长指数和金融集聚指数进行测度，运用动态面板模型从全国和区域两个层面对金融集聚与全要素生产率的关系进行实证检验，结果发现。银行业集聚和证券业集聚的TFP增长效应与区域因素有关，银行业集聚对TFP增长的贡献大于证券业集聚。保险业集聚对TFP增长效应存在消极作用，其中，以中、西部地区表现最为明显。本文在此基础上提出了不同区域金融集聚促进TFP增长的政策建议。
基于Malmquist指數法和區位熵指數法分彆對我國的全要素生產率增長指數和金融集聚指數進行測度，運用動態麵闆模型從全國和區域兩箇層麵對金融集聚與全要素生產率的關繫進行實證檢驗，結果髮現。銀行業集聚和證券業集聚的TFP增長效應與區域因素有關，銀行業集聚對TFP增長的貢獻大于證券業集聚。保險業集聚對TFP增長效應存在消極作用，其中，以中、西部地區錶現最為明顯。本文在此基礎上提齣瞭不同區域金融集聚促進TFP增長的政策建議。
기우Malmquist지수법화구위적지수법분별대아국적전요소생산솔증장지수화금융집취지수진행측도，운용동태면판모형종전국화구역량개층면대금융집취여전요소생산솔적관계진행실증검험，결과발현。은행업집취화증권업집취적TFP증장효응여구역인소유관，은행업집취대TFP증장적공헌대우증권업집취。보험업집취대TFP증장효응존재소겁작용，기중，이중、서부지구표현최위명현。본문재차기출상제출료불동구역금융집취촉진TFP증장적정책건의。
This paper uses the method of Malmquist index and the method of regional entropy to measure Total Factor Productivity and the level of financial agglomeration respectively. By using dynamic panel data model, the paper tests the empirical relationship between financial agglomeration and the growth of TFP from the national level and the regional level. The result finds that the bank industry and the stock industry agglomeration can significantly promote the growth of the TFP, and the growth effects of the TFP is related with the regional factors. The contribution to the growth of the TFP from the bank industry agglomeration is bigger than from the stock industry agglomeration. The security industry agglomeration has a negative effect on the growth of TFP, especially in central and western area. Accordingly, this paper proposes the policy advice that financial agglomeration promotes the TFP to grow in different areas.
