金融集聚的经济溢出效应及空间异质性研究——来自2009-2018年省级面板数据的经验证据

Research on the Economic Spillover Effect and Spatial Heterogeneity of Financial Agglomeration:Empirical Evidence from 2009-2018 Provincial Panel Data

基于2009-2018年全国31个省级单位的面板数据,采用空间计量模型实证检验金融集聚对经济增长的溢出效应及其空间分异特征。从空间杜宾模型效应分解结果来看,全国及东中部地区金融集聚的正向直接效应显著促进本地区经济增长,同时其正向空间溢出效应也对周边地区经济增长产生促进效果。而在西部地区,金融集聚的正向直接效应利于本地区经济增长,但其负向空间溢出效应显著阻碍周边地区经济增长,这可能是由于西部地区金融业发展基础薄弱所致。基于研究结论,进一步对国家制定政策发挥金融集聚的“集聚效应”和“扩散效应”、协调区域经济均衡发展提出建议。

Based on the panel data of 31 provincial units in China during 2009 to 2018,measures the spatial spillover effect and spatial differentiation feature of financial agglomeration on economic growth by making use of spatial econometric model.Following the decomposition results that on the basis of spatial Doberman model,the positive and straightforward effect of financial agglomeration accelerating regional economic growth by significantly in China and east and central areas,at the same time that also generates the consequent of the stimulation for economic growth in surrounding regions by positive spatial spillover effect.However in the west,the positive direct effect that produce by financial agglomeration is beneficial to economic growth,although it hinders economic growth of surrounding areas through negative spatial spillover effect,which may be due to the weak foundation of the financial industry development in the west.In line with the research conclusion,brings forward recommendations for the government that consists of formulating policies to exert the"agglomeration effect"and"diffusion effect"of financial agglomeration and consort the harmonious expansion of regional economy.