金融发展对城市经济差距的影响效应及传导路径--基于长三角地区产业分解的经验考察

Influence and transition path of financial development on urban economic gap:an empirical study based on the industrial decomposition in the Yangtze River Delta Region

基于关系数据分析范式,以长三角地区为例,实证考察了2001-2016年金融发展对城市经济差距的影响效应,并从产业分解视角探究了其传导路径。结果显示:长三角地区城市经济差距总体呈现下降趋势,第三、第二产业差距是城市经济差距的主要来源;长三角地区金融发展对城市经济差距存在显著的正向影响,尽管样本期间其作用强度呈减弱态势,但总体看来影响仍然较大,仅次于资本存量的影响;金融发展对第二产业、第三产业城市差距均具有显著的正向影响,总体看来其是第三产业城市差距最主要的影响因素,对第二产业的影响仅次于资本存量,对第一产业则没有明显影响;金融发展对长三角地区城市经济差距的影响主要是通过第三、第二产业传导实现的。

Based on the paradigm of relational data analysis,this paper takes the Yangtze River Delta region as an example to examine the impact of financial development on urban economic disparity from 2001 to 2016,and explores its transmission path from the perspective of industrial decomposition. The results show that: The urban economic gap in the Yangtze River Delta region generally showed a downward trend,and the third and second industry gaps were the main sources of urban economic disparity;The financial development in the Yangtze River Delta region has a significant positive impact on the urban economic gap,and the intensity of its role has weakened during the sample period,while its overall impact is still large,which is second only to the capital stock;Financial development has a significant positive impact on the urban gap of secondary industry and the tertiary industry,and is the most important factor affecting the urban gap of the tertiary industry,the second strongest influential factor in the secondary industry,second only to capital stock,while it has no significant impact on the primary industry;The impact of financial development on the urban economic gap in the Yangtze River Delta region is mainly transmitted through the third and second industries.