中国金融业集聚动因的理论与实证研究

Study on the Effect of Number of Siblings of Household Head on Household Stock Investment Behavior:An Analysis from Household Survey Data in China

本文在对中国金融业集聚态势进行描述的基础上,分析了影响金融业集聚的各种效应并提出相应的理论假说,采用2005-2014年中国31个省市面板数据,分行业和地区进行实证检验。研究发现,市场接近效应和学习效应对于我国金融业集聚具有明显的促进作用,而共享效应的作用则没有得到充分发挥。从地区和行业层面上看,市场接近效应和学习效应对金融业集聚同样存在显著影响,并由于地区和行业自身特征不同,其影响表现出一定的差异性。

This paper analyze the driving effect of financial industry agglomeration and put forward the theory hypotheses accordingly,based on the description of financial industry＇s agglomeration situation in China.Then,empirical test is made by using the data of all provinces,municipality cities and autonomous prefectures in China from the year 2005 to 2014.Our research shows that market approaching effect and learning effect plays an important role in promoting financial industry agglomeration generally,however,the function of sharing effect is limited.From the perspective of regions and industries,market approaching effect and learning effect still contribute to the financial industry agglomeration,and their influences are varied depend on the different features of regions and industries.