国际金融中心演进影响因素的实证检验被引量：8

An Empirical Study on the Evolution of the International Financial Center and Its Determinants

导出

摘要国际金融中心的演进过程受许多内外因素的影响,通过利用纽约、伦敦、东京、香港、新加坡5个城市金融业1980～2006年间的经验数据,本文对国际金融中心发展水平和影响因素之间的关系进行了固定效应模型检验。检验结果显示,诸如宏观经济增长、对外开放水平、国内管制程度、国内要素供给和成本等因素对国际金融中心演进的影响方向大致是确定的。 There are many domestic and international determinants in advancing an international financial center(IFC).Based on the financial data from 1980 to 2006 of New York,London,Tokyo,Hong Kong and Singapore,this paper is aimed to seek the relation between IFC's development level and its determinants through the Fixed-Effect Model.The results indicate some certain determinants tend to affect the IFC's evolution,such as economic growth,opening level,government regulation and domestic factors' supply and cost.

作者苏立峰雷强

机构地区上海立信会计学院金融学院上海交通大学安泰经济与管理学院

出处《世界经济研究》 CSSCI 北大核心 2009年第7期34-39,共6页 World Economy Studies

基金上海市教委高水平特色发展项目(第二期)资助项目编号为0B09008016

关键词国际金融中心发展水平影响因素固定效应模型

分类号 F831 [经济管理—金融学]

引文网络
相关文献

参考文献9

1Reed H. C. The Preeminence of International Financial Centres. Praeger, New York, 1981.
2Reed H. C. Appraising corporate investment policy: a financial center tbeory of foreign direct investment in Charles Kindleberger and Davis B. Audretsch ( eds ) , The Multinational Corporation in the 1980s. Cambridge MA: MIT Press,1983:219-244.
3Jao Y. C, Hong Kong as an International Financial Centre: Evolution, Prospects and Policies. Hong Kong: City University of Hong Kong Press,1997.
4Choi S. R. , Tschoegl A. E. , Ch. -M. Yu. Banks and the World's Major Financial Centers, 1970 -1980. Wehwirtschaftliches Archiv, 1986,122 ( 1 ) :48-64.
5Choi S. R. , Park D. , Tschoegl A. E. Banks and the World's Major Banking Centers, 1990. Weltwirtschaftliches Archiv, 1996,123 (4) :774-793.
6Choi S. R. , Park D. , Tschoegl A. E. Banks and the World's Major Banking Centers, 2000. Working Paper, The Wharton Financial Institutions Center,2002.
7Poon J. P. H. Hierarchical Tendencies of Capital Markets Among International Financial Centers. Growth and Change, Spring 2003,34 ( 2 ) : 135-156.
8Jessie P. H. Pooh, Bradly Eldredge, David Yeung. Rank Size Distribution of International Financial Centers:International Regional Science Review,2004,27 (4) : 411-430.
9J. P. A. Sagaram, J. Wickramanayake. Financial Centers in the Asia- Pacific Region:An Empirical Study on Australia, Hong Kong, Japan and Singapore [ J ]. Banca Nazionale del Lavoro Quarterly Review,2005,58:21-51.