金融业态与地方经济增长——基于开发性与商业性金融的比较研究  

Financial Formats and Local Economic Growth:A Comparative Study Based on Development and Commercial Finance

作　　者：宋宸刚 蔡宁[2] 

机构地区：[1]中国社会科学院金融研究所博士后流动站 [2]国家开发银行

出　　处：《宏观经济研究》2018年第5期139-148,共10页Macroeconomics

摘　　要：本文以非径向、非导向性的SBM-DDF方向距离函数为基础,分析了开发性金融和商业性金融促进地方经济增长的效率,提出了基于开发性金融和商业性金融的地方政府融资模式选择。研究发现：在地方政府债务的约束下,开发性金融支持地方经济发展的效率要高于商业性金融;分区域看,开发性金融在中部和西部地区效率更高,商业性金融在东部地区的效率更高;目前中国开发性金融和商业性金融支持地方经济发展呈现非均衡特征,仅少数省份实现了对两者的双高效利用,大部分省份仍然难以同时兼得。Based on the non- radial and non - directed SBM - DDF direction distance function, this paper analyzes the efficiency of development finance and commercial finance in promoting local economic growth and proposes a local government financing model based on development finance and commercial finance selection. The study finds that under the constraints of local government debt, development finance supports local economic devel- opment more efficiently than commercial finance;in terms of sub - regions, development finance is more efficient in central and western regions, and commercial finance is more efficient in the easternregion;China＇ s current development finance and commercial finance support the unbalanced nature of local economic development. Only a few provinces have achieved double - efficient use of both, and most provinces still have difficulties in achieving both.

关 键 词：开发性金融 商业性金融 地方经济增长 SBM-DDF模型 

分 类 号：F127[经济管理—世界经济] F832.7