基于空间计量模型的区域金融溢出效应研究

Study on Regional Financial Spillover Effect on the Basis of Spatial Econometric Model

金融发展在地区间差异过大,将阻碍区域经济协调发展,而空间溢出效应可以减弱区域金融差异。本文以广东省为例,运用空间计量模型进行实证研究,结果表明,区域金融发展存在空间相关性。要增强区域金融中心的溢出效应、缩小区域金融差异,就必须建立多层次的区域金融中心、加强区域金融合作、提高商品交易效率和金融交易效率、优化财政支出结构。

If the financial difference is too large, it will hinder the development of regional economic coordination. Spatial spillover effect can weaken the regional financial differences. The empirical results of spatial econometric model show that there exists spatial correlation of Guangdong regional finance, that is, the financial development of the region exerts positive spillover effects on the adjacent or radiation region through spatial error terms, which thereby promotes their financial development. And there exist spatial and time period fixed effects. Therefore, in order to enhance the spillover effects of the regional financial center and reduce regional financial differences, it is necessary to establish a multi-level regional financial center, strengthen regional financial cooperation, improve the efficiency of commodity trading and the efficiency of financial transactions, and optimize the structure of fiscal expenditure.