基于省域面板数据模型的金融集聚影响因素研究

Research on Financial Agglomeration based on Provincial Panel Data

利用联合面板数据模型,从金融集聚驱动机制角度出发,实证研究表明:信息不对称、规模经济和政府政策对金融集聚都具有显著性影响,其中信息自由流动和规模经济对金融集聚影响效应远高于政府政策效应,从而表明我国金融集聚程度提高转向依靠市场力量来驱动。其中,东部地区对信息不对称的依赖程度较大,中部地区金融集聚程度主要依靠政府政策来驱动,而西部地区由于经济基础落后,受信息不对称影响较大。

Using the panel data,the empirical analysis on the driving factors of financial agglomeration has been done.The research shows that asymmetric information,scale economics and government politics have significant impacts on the financial agglomeration.And the influences from information and scale economics are much more significant than those from politics,which means it is the market power that is the main driving factor of financial agglomeration.Moreover,the financial patterns in the east areas and the west areas are impacted more by asymmetric information,while those in the central areas are mainly impacted by politics.