中国区域金融发展差异、变动趋势与地方政府行为——兼论分税制改革对中国区域金融差异的影响

Studies on the Disparities of Regional Financial Development,the Tendency and Local Government's Behavior-Comment on the Influence of Tax Sharing Reform on the Disparities of Regional Financial Development

本文运用人均存贷款额、金融相关比率、变异系数对1978-2006年间中国省际以及东、中、西部区域金融发展差异进行度量,并用α收敛法对其收敛性进行检验,得出结论:该阶段中国区域金融发展差异显著扩大,且不存在明显的收敛趋势。究其原因,基于制度安排对中国区域金融差异的关键性影响,本文就地方政府行为与区域金融差异的内在关联性作了探讨,政策含义在于,地方政府应该为地区金融发展提供更多服务性功能,提高金融资源配置效率。

This paper measures the disparities of regional financial development between provinces and between eastern, middle and western regions in China from 1978 to 2006, using the index of average per save and loan, FIR,CV, and then tests the convergence based on the club convergence method. The findings indicate that the disparities of regional financial development are widening, and the tendency of convergence does not exist. As for the reason, given the important influence of institutional arrangement of local government on regional financial development, this paper discusses the internal relationship between local government＇s behavior and regional financial development. The policy implications are that local government should provide more services for financial development in order to improve the efficiency of financial resource allocation.