金融发展促进城乡居民财产性收入增长吗?——基于1999～2010年省际面板数据的经验研究  

Has Financial Development Promoted Urban and Rural Residents' Property Income?——An Experience Study Based on the Provincial Panel Data During 1999～2010

作　　者：张三峰[1] 杨德才[2] 

机构地区：[1]南京信息工程大学,江苏南京210044 [2]南京大学,江苏南京210093

出　　处：《当代经济管理》2015年第8期86-92,共7页Contemporary Economic Management

基　　金：教育部人文社会科学青年项目<中国居民财产性收入变动趋势及影响因素研究:基于家庭微观数据的视角>(11YJC790280);江苏高校优势学科建设工程项目的资助

摘　　要：基于1999-2010年30个省市（区）面板数据，采用系统GMM方法分析了城乡二元经济结构背景下金融发展对城乡居民财产性收入的影响。研究结果表明，金融发展对城镇和农村居民的财产性收入都有显著正向影响，但处于U型关系的左半部，目前金融发展对城乡高收入居民的影响效应更大；优化初始财富禀赋配置、提升经济发展水平和提高居民人力资本水平将对城乡居民财产性收入的增加有促进作用，并且经济发展水平对农村居民财产性收入增长的作用更强；在存在城乡二元分化情况下，对外开放和城镇化进程不利于农村居民财产性收入的提升。Using panel data of 30 Chinese provinces during 1999-2010, the article employed sys-GMM method to examine the effect of financial development on urban and rural resident＇s property income. The conclusions show that financial development has a significant positive effect on the urban and rural residents＇ property income, but it exists in the left half of the current U type relationship. And the effect of financial development impacts more on urban and rural residents of higher income. It will increase the incomes of urban and rural residents＇ property income that the initial wealth endowment allocation is optimized, and the level of economic development is enhanced. Upgrading the level of economic development has even stronger impact on promoting rural residents＇property income; With existence of the urban-rural dualism, the opening policy and the process of urbanization will not conducive to the promotion of the rural residents＇ property income.

关 键 词：金融发展 财产性收入 城乡居民 

分 类 号：F832[经济管理—金融学]