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中国区域金融发展的动态内生俱乐部收敛分析
The Analysis of Dynamic Endogenous Club Convergence in Chinese Regional Financial Development
【摘要】 文章在考虑金融发展规模指标基础上,结合两阶段DEA模型测算的金融效率指标,通过空间β收敛及内生收敛模型探讨区域金融发展的收敛特征和打破传统区域设定的内生俱乐部收敛特征,使用动态面板模型分析区域金融发展收敛性的影响因素,发现:(1)2005~2012年,区域金融发展(除股市)基本存在空间β收敛特征;(2)金融发展表现出明显的跨区域内生俱乐部收敛和政策性收敛特征,不同子区域收敛速度不同,形成了一条区域内部成员差距缩小进而向发达地区整体收敛的动态路径;(3)地区经济增长、政府干预、对外开放程度以及地区技术水平是影响区域金融发展收敛性的重要因素。
【Abstract】 Taking into consideration multi-indicators of financial scale,the paper combines financial efficiency indicators calculated by two-stage DEA,the spatialβconvergence and endogenous convergence model to explore the convergence characteristics of regional financial development and the endogenous club convergence characteristics beyond conventional regional limits.By using the dynamic panel,several conclusions were drawn for year 2005 to 2012:(1)there were significant spatialβconvergence characteristics in financial development with the exception of the stock market;(2)significant cross-regional endogenous club and policy convergence characteristics emerged,and the convergence speed varied in sub-regions,forming a dynamic route in which the gap between club members diminishes,converging to the more developed regions;(3)the factors of regional economic growth,government intervention,opening degree and regional technology level are important factors influencing the regional financial development convergence.
【Key words】 financial development; data envelopment; spatial convergence &filter; endogenous club; dynamic panel;
- 【文献出处】 大连理工大学学报(社会科学版) ,Journal of Dalian University of Technology(Social Sciences) , 编辑部邮箱 ,2017年01期
- 【分类号】F832.7
- 【被引频次】9
- 【下载频次】346