金融结构差异对东、中、西部地区经济增长的影响——基于中国省际面板数据的实证分析  

The Influences of Financial Structure in Economic Growth of the East,Middle and West Regions:Empirical Analysis Based on China's Province Panel Data

作　　者：曾国安[1] 马宇佳[1] 

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072

出　　处：《经济问题》2017年第9期34-40,共7页On Economic Problems

摘　　要：金融结构对经济增长有着重要的影响,金融结构不同对经济增长会有不同的影响。选取2005-2014年全国31个省份的面板数据,以直接融资比例和银行集中度作为衡量金融结构的指标,运用GMM方法分析了我国区域金融结构与经济增长之间的相关关系。动态面板估计结果表明,东部地区充分体现了直接融资比例越高、银行集中度越低,越能促进经济增长,在西部地区则不显著,在中部地区则反映出间接融资和高银行集中度的正面作用的现状,不过这主要是因为中部地区和西部地区直接融资和中小金融机构发展过慢所引起的。应深化金融体制改革,促进直接融资市场和中小金融机构的发展,特别是要支持中西部地区直接融资市场和中小金融机构的发展,以充分发挥直接融资和中小金融机构发展对经济增长的促进作用。Financial structure has a significant importance on economic growth,and different financial structure will have different effects on economic growth. This paper used the panel data of 31 provinces during the periods of2005-2014,chose direct financing proportion and bank concentration as indicators of financial structure,and studied the relations between regional financial structure and economic growth by generalized method of moment. The results show that the higher the proportion of direct financing and the lower the degree of bank concentration,the more they can promote the economic development in eastern region; but the relation in west region is not significant; and in middle region,indirect financing and high bank concentration reflect the positive effects,which mainly dues to direct financing and SMEs develop slowly in middle region and west region. We believe government should deepen the reform of the financial system,promote the development of direct financing market and the SMEs,especially in middle region and west region,in order to give full play to the role of direct financing market and the SMEs in promoting economic development.

关 键 词：金融结构 经济增长 区域差异 直接融资比例 银行集中度 

分 类 号：F207[经济管理—国民经济]