京津冀区域金融资本流动趋势分析

Analysis of Financial Capital Liquidity Trend in Beijing-Tianjin-Hebei Region

金融资本有效流动能够增加流出地与流入地的社会福利。京津冀区域金融资本有效流动对本地区经济协同发展至关重要。区域内金融资源禀赋不均衡、金融发展水平差异大、金融联系程度不一致等特征,导致京津冀区域金融资本流动变化规律很复杂。文章分别利用无条件FH模型和有条件FH模型,对京津冀区域金融资本流动程度进行测度。结果显示,京津冀区域金融资本流动性不断增强。在区域金融资本流动性增强的过程中,经济增长发挥了积极作用,政府干预的作用更大。

Effective financial capital liquidity helps to increase the social welfare in the outflow place and inflow place. The effective financial capital liquidity in Beijing-Tianjin-Hebei region is of great importance to the coordinated development of the local economy. Such intraregional characteristics as disequilibrium of the natural financial endowment, big differences in the financial development level and inconformity in the financial connection degree lead to a complicated varying pattern of financial capital liquidity. This paper respectively uses unconditional FH model and conditional FH model to measure the flowing level of the financial capital in Beijing-Tianjin-Hebei region. The research result shows that the level of the regional finance capital liquidity continues ascending, and that in this process the economic growth has a positive effect, but the government intervention plays a greater role.