长三角地区的金融集聚与区域经济增长

Financial Agglomeration and Regional Growth in the Yangtze River Delta Region

长三角地区既是我国经济最发达的地区,也是金融业高度集聚发展的地区。本文研究了长三角地区金融集聚的空间布局和相关关系,并探讨了金融集聚影响区域经济发展的主要路径,同时运用空间计量方法,基于2011—2015年江浙沪皖41个市的面板数据研究了长三角地区金融集聚对区域经济增长的影响。空间杜宾模型的计量结果显示,长三角地区证券市场和信贷市场集聚水平对人均意义上的地区经济增长有着积极影响,而保险业的这一影响则不显著;证券市场对周边地区人均增长的溢出效应显著,而信贷市场的溢出效应不显著。

The Yangtze River Delta Region is known as the most prosperous area in China,where financial industry is highly concentrated.This paper analyze the spatial distribution and correlativity of financial agglomeration in the Yangtze River Delta Region via locational entropy and Moran＇s I scatter plot.We also discuss the main ways of the impact of financial agglomeration on regional economic growth,and apply spatial econometrics method to investigating such impact in the Yangtze River Delta Region,based on the panel data of 41 cities in Jiangsu,Zhejiang,Shanghai and Anhui from 2011 to 2015.The results of the Spatial Durbin Model indicates that the levels of concentration of securities market or credit market has a positive impact on regional per capita growth and insurance market dosen＇t have.Moreover,securities market also has a significantly spillover effect on per capita growth of neighbouring regions and credit market dosen＇t have.