普惠金融对经济发展的影响研究——基于广东省21个市面板数据的实证分析

Research on the Impact of Inclusive Finance on Economic Evelopment——An Empirical Analysis based on Panel Data of 21 Cities in Guangdong Province

本文基于2010-2017年广东省21个市的面板数据,构建各市普惠金融指数,发现广东省普惠金融发展水平存在地区差异,珠三角区域普惠金融指数明显高于其它地区。通过面板数据模型实证分析普惠金融对经济发展的影响,结果表明:普惠金融对广东省经济发展有显著的促进作用。在分区域层面上,普惠金融对区域的经济发展存在'阈值效应',当地区的经济发展达到一定的水平时,普惠金融开始对经济发展产生促进作用。具体表现为:普惠金融对经济发达的珠三角区域作用最显著,对广东西部、北部中经济较发达地区的促进作用较弱,而在广东东部地区中经济欠发达的地区未发现有显著的促进作用。

Based on the panel data of 21 cities in Guangdong Province in 2010-2017,this paper constructs the inclusive financial index of each city and finds that there are regional differences in the development level of inclusive finance in Guangdong Province.The inclusive financial index of the Pearl River Delta region is significantly higher than other regions.Through the panel data model,the impact of inclusive finance on economic development is empirically analyzed.The results show that,on the whole,inclusive finance has a significant role in promoting the economic development of Guangdong Province.At the subregional level,inclusive finance has a'threshold effect'on regional economic development,that is,when regional economic development reaches a certain level,inclusive finance begins to promote economic development.The specific performance is as follows:Inclusive finance plays the most prominent role in the economically developed Pearl River Delta region,and has a weaker promotion effect on the economically developed regions in the western and northern parts of Guangdong.However,in the economically underdeveloped regions of eastern Guangdong,no significant enhancement.