摘要
本文基于中国省区细分行业贸易数据构建了出口的外部融资依赖度指标,用以测度中国各地区贸易结构差异,在此基础上研究了贸易结构和贸易开放对地区金融发展差异的影响机制。在控制了FDI、法律制度以及城市化水平等因素后研究发现,对出口外部融资依赖程度越高的地区金融发展水平越高,随着贸易开放度的提高,这种效应更加明显;此外,其他需求方面的因素也能促进地区金融发展。因此,各个地区金融发展水平应该与其经济发展特征相适应,以有效实现金融体系在动员储蓄、配置资金和分散风险等方面的基本功能,促进本地区经济发展。
Based on the export, data of subdivided industries in Chinese provinces, this paper constructs indexes of export dependence on external financing to measure the differences in China＇s regional trade structure and then studies the meehanisim of trade structure and trade liberalization affecting the regional differences in financial development. Under the condition of controlling FDI, legal system, the level of urbanization and other factors, it is found that regions in which export more depends on external financing have higher level of regional financial development, and with the increase of trade liberalization, this effect is more obvious. In addition, other demand factors can also promote regional financial development. Therefore, the level of financial development in all regions should adapt to their economic development characteristics in order to achieve the basic functions of financial system in mobilizing savings, allocating capital and dispersing risk ete.and to promote regional economic development.
出处
《金融论坛》
CSSCI
北大核心
2011年第9期45-50,共6页
Finance Forum
基金
教育部人文社科重点研究基地重大项目(2009JJD790024)的阶段性成果
关键词
对外贸易
金融发展
贸易结构
贸易开放
外部融资依赖度
foreign trade
financial development
trade structure
trade liberalization
dependence on external financing
