金融自由化与区域经济增长差异——基于珠三角、长三角和环渤海的比较研究

Financial Liberalization and the Differences of Regional Economic Growth——an Empirical Analysis on Pearl River Delta,Yangtze River Delta and around Bohai Sea Area

在控制风险的前提下,金融自由化通过刺激金融创新,以金融发展促进经济增长。基于金融风险的认识差异,不同区域的金融发展对区域经济增长的影响也存在重大差异。金融发展对珠三角的经济增长贡献极其有限,且不具统计上的规律性;在长三角地区,金融发展对经济增长具有重要意义,已成为拉动经济增长的引擎。自由化背景下,在利用金融创新提高经济竞争力方面,珠三角被长三角抛在了后面,也不如环渤海。

At the premise of risk control, financial liberalization promotes economy by stimulating financial innovation and financial development. Based on the differences in understanding financial risks, the effects brought from the financial development in different region on region economy is significant difference. The effect of the financial development on the Pearl River Deha＇s economic growth is extremely limited and is not subject to a statistical law. In the Yangtze River Delta region, financial development has become the engine driving economic growth. With financial liberalization, when using financial innovation to improve the competitiveness of the economy, the Pearl River Delta has been left behind in the Yangtze River Delta and around Bohai Sea Area.