福建金融集聚效率及影响因素分析

Analysis on the Efficiency of Financial Agglomeration and Influencing Factors in Fujian Province

采用DEA模型和Malmquist指数从静态和动态两方面分析福建金融集聚效率及其分解项的基本情况,并引入Tobit模型进一步探索影响金融集聚效率的宏观因素。实证结果表明,相比东部发达省市,福建的静态金融效率较低,纯技术效率不高是主要原因;从动态角度来看,技术效率与技术进步共同决定金融业全要素生产率增长,主要得益于金融机构规模的扩张或资源配置能力的提升,而金融机构的技术水平和创新能力则有待于进一步的提高;在众多宏观影响因素中,经济发展、经济结构、基础设施等对效率的提升起到显著正向影响,而经济开放度、政府政策支持因素的影响不显著。

This paper uses DEA model and Malmquist index to study the efficiency of financial agglomeration and its decompositions from both static and dynamic aspects.Finally,it explores the factors affecting the regional financial efficiency by using Tobit model.It is proved that the Fujian's static financial efficiency is lower than that of China's Eastern cities,which is caused by low pure technical efficiency.From a dynamic view,the growth of total factor productivity is dominated by both technical efficiency and technological progress.However,the increase in productivity is mainly relied on the expansion of financial institutions or the enhancement of the allocation of resources.Moreover,from the factors affecting the financial efficiency,the economic development,economic structure,infrastructure level and other factors have a significant positive impact,while the economic opening,policy support of the government do not.