中部地区金融发展研究——基于地方政府行为的视角

Reaserch on Regional Financial Development of Central China——under the Perspective of Local Government Behavior

运用双向固定效应模型,实证分析了地方政府行为对中部地区金融发展的影响。研究结果表明,在经济转型期,中部地区的地方政府为赢得"GDP增长"竞赛,具有推动地方经济发展的强烈诉求,其对金融部门的干预成为了弥补市场发育不足的有效措施,使之成为地区金融发展的有力推动者。

This paper empirially investigates into the impact of local government behavior on regional financial development of central china by two-way fixed effect model.The study shows that,in the economic transition,the local government who want to win the＂GDP growth＂contest,have strong demand of promoting local economic development,Its intervention in the financial sector has become one effective measure to compensate for market development＇s insufficient,which make it become good driver of improving financial development.