基于系统广义矩估计分析我国民间金融推动区域经济增长的差异效应

The System GMM Difference Analysis Our Country Folk Finance To Promote Regional Economic Growth Effect Based On

本文首先对民间金融与区域经济增长之间的关系进行理论解释,接着利用笔者收集的我国31个省份2000-2013年的面板数据来建立动态面板数据模型,并运用系统广义矩估计法(SGMM)实证分析了民间金融发展对我国总体以及东、中、西部地区区域经济增长的影响。结果显示当期及滞后一期和二期的民间金融发展对我国总体及东、中、西部地区的当期经济增长形成有正向作用,且这种正向作用在东、中、西部地区之间存在一定差异。

in this paper, firstly the theoretical interpretation of the relationship between folk finance and regional economic growth, then the author collected using the panel data of 31 provinces in China during 2000-2013 toestablish dynamic panel data model, and using the System GMM（SGMM） empirical analysis of the folk financial development on China s and the East in the western region, regional economic growth, influence. Results show that the current and lagged one period and the two period of the folk financial development has a positive effect on the formation of China＇s overall and the East, in the western region, the current economic growth,and this positiveeffect of some difference in the East, the western region in between.