长三角地区金融发展差异性和收敛性分析

Analysis of disparity and convergence of financial development in the Yangtze River Delta

利用上海市、浙江省和江苏省1978—2011年的数据,研究长三角地区金融发展差异状况。研究结果表明,三省市的金融相关比率(FIR)都超过1.5的稳定水平,FIR的泰尔指数在2000年前有大幅度的波动,之后波动相对较小;FIR的收敛性检验结果显示长三角地区金融发展差异不存在绝对收敛,金融发展差异有进一步扩大的趋势。

This paper puts the emphasis on the study of the disparity of financial development based on data from 1978 to 2011 in the Yangtze River Delta, including Shanghai, Zhejiang province and Jiangsu province. The result shows that the Financial Interrelations Ratio （FIR） of these three ones has exceeded the stable level of 1.5, which is generally acknowledged by developed countries. It is clear that Thiel index describes a dramatic fluctuation be- fore 2000 while a small fluctuation ever since. According to the convergence test of FIR among these three areas, there exists no absolute convergence of financial development disparity in Yangtze River Delta, but with the expan- ding tendency the opposite is the case.