金融中介发展对中国技术效率省际差异的影响——SFA模型的应用

The Empirical Analysis Between Financial Intermediation Development and Technical Efficiency:the Application of SFA

大量的跨国实证研究表明,金融中介发展可以提高经济系统的资源配置效率和技术效率,从而在现代经济增长中具有重要的作用。在跨省数据的基础上,通过随机前沿分析模型,可以测量金融中介发展对我国技术效率省际差异的具体影响。基于随机前沿分析模型的研究结果显示:整体上看,我国金融机构贷款规模的增长并不有利于我国的技术效率进步,但是从金融机构贷款的配置结构上看,提供给国有企业部门的贷款规模增长将导致技术效率下降,而提供给非国有企业部门的贷款规模增长却将促进技术效率进步。

A lot of cross-country empirical studies indicate that the financial intermediation development has been playing very important role in economic growth by promoting the efficiency of allocation and technical efficiency.On the basis of panel data among provinces,the influence of financial intermediation development to technical efficiency gap across provinces will be measured quantitatively by using the model of stochastic frontier analysis in China.In whole,the empirical result indicates that the growth of scale of financial credit can't promote the technical efficiency.But on the view point of structure,the growth of loan to SOE will decrease the technical efficiency.On the contrast,the growth of loan to private sector will promote the technical efficiency.