经济金融化对我国城乡收入差距的差异化影响--基于1978-2013年省级面板数据的分析

Different Effects of Economic Financialization on Chinese Urban-rural Income Disparity——Analysis Based on the Provincial Panel Data from 1978 to 2013

本文利用1978-2013年我国省级面板数据,构建"金融发展-城乡收入差距"的固定效应模型,从全国和区域两个层面分析我国经济金融化对城乡收入差距的作用方向与效果。研究发现:1978年以来,我国经济金融化总体上拉大了城乡收入差距,其中,东部地区金融发展对城乡收入差距的拉动效果大于中部地区,西部地区金融发展与城乡收入差距之间存在库兹涅茨倒U型轨迹,且当前处于缩小收入差距阶段。因此对东、中、西部地区,需要因地制宜采取不同措施,推进区域金融的差异化发展,有效缩小城乡收入差距。

Based on Chinese provincial panel data from 1978 to 2013,this paper builds the fixed effect model 'Financial Development-Urban-rural Income Disparity'and analyzes the role direction and effects of Chinese economic financialization on urban-rural income disparity at national and regional level. The research finds that: since 1978,Chinese economic financialization has widened the income disparity between urban and rural areas. In the eastern area,the pulling effects of the financial development on urban and rural income disparity is bigger than that in the middle area. In the western area,there was an inverted 'U'shaped Kuznets relationship between financial development and urban-rural income disparity and at the current income reducing stage. Therefore,we should adopt diversified measures in line with local conditions in the east,middle and west to promote the different development of regional finance and narrow the urban-rural income disparity effectively.