金融环境视角下FDI流入与产业集聚效应的双门槛检验

Empirical Test of Two Threshold Effect in FDI Inflows and Industrial Agglomeration from Financial Development Perspective

文章研究了FDI流入与其促进产业集聚的金融环境因素。通过模型的构建和运用面板门槛回归分析,得出金融环境是制约我国产业集聚的关键因素,利用2000-2010年中国省际面板数据并结合省际的金融发展水平,通过构建面板门槛回归模型就金融发展水平对引发产业集聚的门槛效应进行了实证检验,实证结果揭示了金融环境作为促进产业集聚的重要因素,能够有效地发挥中间传导作用,促进产业集聚。

This paper focuses on the financial environment factor of industrial agglomeration in which FDI inflows play a boosting role. This paper argues that the level of financial development is a key factor of restricting industrial agglomera- tion by building the models and using the panel threshold regression analysis. Furthermore, utilizing China＇s provincial panel data between 2000 and 2010 combined with the level of provincial financial development. And based on the fact, further regression estimates are made in the matter of the threshold effect of financial development that leads to industrial agglomeration effect; the empirical results reveal that the level of financial development, as an important factor to cause industrial agglomeration,can play an intermediate conduction role effectively and promote industrial agglomeration.