金融发展与经济增长——一个考虑空间溢出效应的再检验被引量：7

Financial development and economic growth: a re-examination of spatial spillovers

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摘要利用2003—2013年中国285个地级及以上城市的统计数据,通过计算单变量和双变量Moran’s I指数,检验了金融发展与经济增长的空间相关性,并运用空间Durbin模型实证检验了考虑空间溢出效应后金融发展与经济增长的关系,结果表明:城市GDP存在显著的正向空间自相关性,城市GDP与资本积累、劳动力投入存在正向空间相关性,而与金融发展水平存在负向空间相关性;在考虑空间溢出效应后,金融发展仍然是推动经济增长的重要因素,本地区金融发展对周围地区经济增长具有负向空间溢出效应,而本地区经济增长、资本积累及劳动力投入对周围地区经济增长具有正的空间溢出效应。 Using 2003-2013 data of 285 cities in China,this paper calculates univariate and bivariate Moran's I to test the spatial correlation between financial development and economic growth and constructs a spatial Durbin model to study the correlation and its spatial spillovers. The results show that city GDP has a significant spatial autocorrelation and that city GDP has a positive spatial correlation with capital and labor and a negative spatial correlation with financial development. Even considering spatial spillovers,financial development is still an important factor in promoting economic growth. Local financial development produces negative spatial spillovers into the surrounding areas while local growth,capital and labor have positive spatial spillovers.

作者张旭刘晓星姚登宝

机构地区东南大学经济管理学院

出处《东南大学学报（哲学社会科学版）》 CSSCI 北大核心 2016年第3期106-114,148,共9页 Journal of Southeast University(Philosophy and Social Science)

基金国家自然科学基金项目"资产价格波动与实体经济:影响机制及其动态均衡研究"(71473036)成果之一

关键词金融发展经济增长空间溢出空间Durbin模型

分类号 F832 [经济管理—金融学] F124 [经济管理—世界经济]

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