金融集聚对新型城镇化的影响——以长江经济带沿线11省市为例

The impact of financial agglomeration on new urbanization:A case study of 11 provinces and cities along the Yangtze River Economic Belt

为逐步形成以国内大循环为主体、国内国际双循环相互促进的新发展格局,我国需把握好城镇化这一战略基点。中国的新型城镇化包含人口、经济、社会、生态等多个方面,是一个复杂综合体,需要大量资金支持。金融集聚因其资源的流动性,能够优化资金配置,为新型城镇化建设提供有力支持。因此,探究金融与新型城镇化的关系具有较强的现实意义。基于2008—2019年长江经济带沿线11省市面板数据,构建指标体系测算金融集聚与新型城镇化水平,建立空间杜宾模型实证分析金融集聚对新型城镇化的影响。结果表明:金融集聚显著促进了长江经济带沿线11省市新型城镇化的发展;银行业集聚在促进本省市新型城镇化发展的同时,对邻近省市新型城镇化发展产生了抑制作用,证券业集聚的作用正好与之相反;保险业集聚能促进本省市新型城镇化发展,但对邻近省市新型城镇化发展无明显影响。因此,政府应不断完善相关政策,畅通区域金融资源流动,合理引导资本市场资金流向,鼓励创新区域金融结构类型及拓展区域金融产品功能,使金融集聚更好地支持新型城镇化建设。

In order to gradually form a new development pattern with the domestic big cycle as the main body and the mutual promotion of the domestic and international double cycles,China needs to grasp the strategic basis of urbanization.China’s new urbanization includes demographic,economic,social,ecological and other aspects.It is a complex complex and therefore requires a lot of financial support.Because of the liquidity of resources,financial agglomeration can play a better role in the allocation of funds for the construction of new urbanization.Therefore,exploring the relationship between finance and new urbanization is practically significant.Based on the panel data of 11 provinces and cities along the Yangtze River Economic Belt from 2008 to 2019,the article constructs an indicator system to measure the level of financial agglomeration and new urbanization,and establishes a spatial Dubin model to empirically analyze the impact of financial agglomeration on new urbanization.The results show that financial agglomeration has significantly promoted the development of new urbanization in 11 provinces and cities along the Yangtze River Economic Belt;while the agglomeration of the banking industry has promoted the development of new urbanization in this province and city,and it has also inhibited the development of new urbanization in neighboring provinces and cities.The role of industry agglomeration is just the opposite;insurance industry agglomeration can promote the development of new urbanization in this province and city,but it has no obvious impact on the development of new urbanization in neighboring provinces and cities.Therefore,the government should continue to perfectthe corresponding policies,smooth the flow of regional financial resources,rationally guide the flow of capital in the capital market,encourage innovation in regional financial structure types and expand regional financial product functions,so that financial agglomeration can better support the construction of new urbanization.