地方政府经济职能对银行业发展的作用——基于省际面板数据的实证研究

The Effects of the Economic Functions of Local Government on the Development of Banking Sector ——An Empirical Study Based on Provincial Panel Data

本文基于全国29个省份1995～2009年间的面板数据，就银行业发展中地方政府经济职能的作用分地区进行计量分析。结果表明：地方政府经济职能对银行业发展的作用影响是结构性的，以财政支出衡量的财政政策和以第三产业增加值来衡量的政府产业政策对银行业发展有显著的正向作用；以国有经济投资衡量的政府投资政策、以政府行政管理费支出衡量的政府干预市场的经济职能和以城镇登记失业率衡量的政府缓解失业率的经济职能对银行业发展的影响不显著；以城镇农村人均收入衡量的政府调节收入分配的经济职能对银行业发展有显著的负向作用。

Based on the panel data of Chinese 29 provinces 1995-2009, this paper presents a statistical analysis of the effects of the economic functions of local governments in various regions on the development of banking sector. The results show that the effects are structural; the fiscal policy, measured by fiscal expenditure, and the industrial policy of the government, measured by the added value of the third industry, have significant and positive effects on the development of banking sector; the invest- ment policy of the government, measured by the state-owned economic investment, the economic function that the government intervenes markets, measured by the expenditure of the government administration, and the economic function that the govern- ment solves the unemployment, measured by the registered urban unemployment rate, have no significant effects on the development of banking sector; the economic function that the government adjusts income and distribution, measured by the per capita income of city and rural area, has significant and negative effects on the development of banking sector.