基于非期望产出的中国区域金融效率分析

Analysis of Regional Financial Efficiency in China based on Undesirable Output

建设现代金融是推进供给侧结构性改革、促进经济高质量发展的重要内容之一。关注我国金融发展的质量变革、效率变革、动力变革,在考虑非期望产出的基础上试图科学地评价我国区域金融发展水平,同时对金融效率和集聚演变趋势、影响金融效率增长的因素等开展实证分析。研究结果表明:(1)空间集聚已成为我国金融业演化的方向,金融发展没有出现"地理学终结"现象;(2)我国金融效率尚有53.90%的提升空间,实现高质量发展目标任重而道远;(3)31个省份可以分成三种金融发展模式,每种模式有不同的侧重点和发展策略;(4)后进区域省份正在发挥后发优势,对先进区域省份形成追赶效应,但缩小差距的过程不稳定且速度较慢;(5)金融集聚和技术创新水平对金融效率有显著的正向影响,而劳动者素质和开放度对金融效率影响不显著。

This paper focuses on the studies of quality reform,efficiency reform and dynamic reform during the financial development process in China,and the systematic evaluation of different regional financial development levels when taking the undesirable output into consideration,as well as making empirical analysis on the evolutionary trend of financial efficiency and agglomeration,and the factors that could affect financial development.The results indicate that:(1)The spatial agglomeration has become the trend of financial evolution,without the phenomenon of "the end of geography";(2)Although a 53.90% room for improvement in Chinese financial efficiency exists,it is still a long way to go before reaching the goal of high quality development;(3)Thirty-one provinces can be divided into three patterns of financial development,with different emphases and development strategies;(4)The backward regions are making use of late-developing advantage to catch up with the development of advanced regions,but the progress of narrowing the gap is not steady and relatively slow;(5)The financial agglomeration and technology innovation could impose positive effects on financial efficiency,while the educational levels of the workforce and the opening degree would not significantly influence the financial efficiency.