地区金融生态演进差异与信贷配置失衡的关系——基于中国宏观面板数据的检验

Regional Financial Ecology Evolution Difference and Credit Allocation Imbalance——An Inspection Based on China's Macro Panel Data

推进金融生态建设能有效提高地区间信贷资金配置的合理性。本文利用我国宏观数据对地区金融生态演进差异与信贷配置水平进行收敛检验和实证分析。研究发现:全国范围内金融生态演进和信贷资金配置水平的总体差异逐步缩小,东中西部的金融生态演进与信贷资金配置的收敛特征具有显著地区性差异;除中部地区外,东西部和全国层面的信贷资金配置水平与金融生态环境显著正相关,信贷配置基础越好与地区间金融生态差异越小将有助于信贷资金在地区间合理流动,市场上充足的信贷资金是弱化地区间竞争的主要原因;随着地区间金融生态差异的缩小将有效提高地区间信贷资金配置的合理性,同时有效改善欠发达地区的信贷资金配置现状。

Promoting the construction of financial ecology can effectively improve the rationality of credit allocation. By using the macro data,this paper makes a convergence test and empirical analysis to the regional financial ecology evolution difference and the level of credit allocation. The results find that the overall difference of the nationwide financial ecological evolution and credit allocation is being gradually narrowed,and a significant regional difference do exist between the evolution of east midwest financial ecology and the convergence of credit allocation characteristics. In addition to the central regions,the eastern and western regions and national level credit allocation levels are significantly positively related with financial ecological environment.The better credit allocation basis and the less regional financial ecological differences will help credit funds flow rationally. Adequate credit funds on the market are the main reasons for weakening competition among regions.Narrowing the difference of regional financial ecology will effectively enhance the allocation rationality of regional credit funds and improve the status quo of credit allocation of less developed areas.