南方经济
南方經濟
남방경제
South China journal of Economy
2015年
6期
40~53
,共null页
金融发展 信贷期限结构 产业集聚 要素密集度
金融髮展 信貸期限結構 產業集聚 要素密集度
금융발전 신대기한결구 산업집취 요소밀집도
Financial Development; Term Structure of Credit; Industry Agglomeration; Factor Intensity.
本文基于1997—2012年的省级面板数据并运用动态面板模型的系统GMM回归。实证考察了金融发展对不同要素密集度产业集聚的影响。研究发现，金融发展能够促进劳动密集型产业和资本密集型产业集聚，并且随着中长期信贷比重的提升，金融发展对劳动密集型产业和资本密集型产业集聚的促进作用得到增强；金融发展阻碍了技术密集型产业集聚，并且随着中长期信贷比重的提升，金融发展对技术密集型产业集聚的阻碍作用增强。
本文基于1997—2012年的省級麵闆數據併運用動態麵闆模型的繫統GMM迴歸。實證攷察瞭金融髮展對不同要素密集度產業集聚的影響。研究髮現，金融髮展能夠促進勞動密集型產業和資本密集型產業集聚，併且隨著中長期信貸比重的提升，金融髮展對勞動密集型產業和資本密集型產業集聚的促進作用得到增彊；金融髮展阻礙瞭技術密集型產業集聚，併且隨著中長期信貸比重的提升，金融髮展對技術密集型產業集聚的阻礙作用增彊。
본문기우1997—2012년적성급면판수거병운용동태면판모형적계통GMM회귀。실증고찰료금융발전대불동요소밀집도산업집취적영향。연구발현，금융발전능구촉진노동밀집형산업화자본밀집형산업집취，병차수착중장기신대비중적제승，금융발전대노동밀집형산업화자본밀집형산업집취적촉진작용득도증강；금융발전조애료기술밀집형산업집취，병차수착중장기신대비중적제승，금융발전대기술밀집형산업집취적조애작용증강。
The paper based on provincial panel data from 1997 to 2012 and used the System GMM dynamic panel model regression, empirically investigated the effects of financial development on different factor intensive industries agglomeration. The study found that financial development promoted the accumulation of labor intensive industry and capital intensive industry, and with the increase of the proportion of medium - long term credit, the effect of financial development promoted labor intensive industry and capital intensive industry agglomeration are enhanced; financial development hindered the technology intensive industry, and with the increase of the proportion of medium - long term credit, the effect of financial development hindered technology intensive industry agglomeration continued to enhance.
