金融集聚对新型城镇化影响的门槛效应

The Threshold Effect of Financial Agglomeration on New-type Urbanization

基于面板门槛模型,利用2006—2015年省级数据检验了金融集聚对新型城镇化影响的门槛效应。结果表明:十余年来中国金融集聚与新型城镇化水平加速攀升,区域不平衡和梯度分布特征明显;金融集聚对新型城镇化影响的门槛效应显著存在。其中,东部地区金融集聚对新型城镇化的作用机制不断优化;中部地区金融集聚对新型城镇化的促进机制有待进一步调整和提升;西部地区金融集聚对新型城镇化具有显著的正向影响。应重点关注中部金融集聚的水平与质量,优化资金投资方向及效率,优先支持创新驱动与生态环保类项目,以提升金融集聚对新型城镇化的促进作用。

Based on the panel threshold model, the threshold effect of financial agglomeration on new-type urbanization was tested by analyzing provincial data from 2006 to 2015. Results show that the level of financial agglomeration and new-type urbanization in China has accelerated in the past ten years;the regional imbalance and gradient distribution characteristics are obvious;and the threshold effect of financial agglomeration on new-type urbanization is significant. The function mechanism of financial agglomeration on new-type urbanization in the eastern region is constantly optimized;the promotion mechanism of financial agglomeration on new urbanization in the central region needs further adjustment and promotion;and the financial agglomeration in the western region has a significant positive impact on the new-type urbanization. It is necessary to focus on the level and quality of financial agglomeration in central region, optimize the direction and efficiency of capital investment, optimize support for innovation-driven and eco-environmental protection projects, so as to enhance the role of financial agglomeration in promoting new-type urbanization.