基于空间面板杜宾模型的金融支持与经济增长研究被引量：5

A Study of Financial Support and Economic Growth Based on the Spatial Panel Durbin Model

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摘要区域经济增长依赖金融体系的支持,而中国区域经济发展的金融支持体系却呈现极大的空间差异性。将金融支持体系划分为银行业、证券业和保险业三个维度,借助空间面板杜宾模型考察了1998-2010年中国大陆30个省域金融支持体系对经济增长的影响。结果表明:以银行信贷余额、股票总市值和保费收入所表示的金融支持都对经济增长起到积极的促进作用,但三者的贡献存在明显差异,以银行信贷余额代表的银行业对经济增长的影响最大,其次是以保费收入代表的保险业,再次是以股票总市值代表的证券业。在中国各省域经济发展中,金融支持体系呈现竞争和溢出两种不同的效应,整体上银行业呈现竞争效应,而证券业和保险业表现为溢出效应。最后,根据研究的结果提出了若干金融改革政策建议,以进一步促进中国经济发展整体水平的提高。 Regional economic growth depends heavily on financial system,and financial support for regional economic development of China has rendered great space differences. The financial support system is divided into three dimensions which are banking,securities and insurance sectors. The effect of financial support system on the economic growth of 30 provinces in China's Mainland has been analyzed from 1998 to 2010 by employing the Spatial Panel Durbin Model. The results show that：the financial support system indicated by the balance of bank loans, stock market capitalization and premium income plays a positive role in promoting economic growth,but the contributions of the three for economic growth have significant difference,the banking sector indicated by the balance of bank loans is the largest,then followed by insurance sector indicated by the total premium income,the smallest is securities sector indicated by stock market capitalization. The financial system support for regional economic growth shows competition and spillover effects,the banking sector presents competition effect,whereas securities sector and insurance sector show spillover effects. Finally,in order to heighten the whole level of economic development in China,the policies and recommendations of financial reform were proposed.

作者柏玲姜磊

机构地区华东师范大学地理信息科学教育部重点实验室格罗宁根大学空间科学学院

出处《金融教育研究》 2015年第1期43-52,共10页 Research of Finance and Education

基金国家自然科学基金项目"中国知识创新溢出与可持续发展研究"(No.40671074) 国家建设高水平大学公派研究生项目(留金发[2011]3010)资助

关键词空间面板杜宾模型金融支持经济增长竞争和溢出效应 spatial panel durbin mode financial support economic Growth competition and spillover effects

分类号 F830 [经济管理—金融学]

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