金融效率对制造业集聚的影响研究——基于电子及通讯设备制造业的实证  

The Influence of Financial Efficiency on the Manufacturing Industry Agglomeration:Based on Empirical Data of Electronic and Communication Equipment Manufacturing

作　　者：黄庆华[1] 徐骏飞[1] 姜松[2] Huang Qinghua;Xu Junfei;Jiang Song(College of Economics and Management,Southwest University)

机构地区：[1]西南大学经济管理学院,重庆400715 [2]重庆理工大学经济金融学院,重庆400054

出　　处：《当代金融研究》2017年第2期13-25,共13页Journal of Contemporary Financial Research

基　　金：国家社科基金项目"全球价值链视角下西部制造业转型升级机制与路径研究"(批准号:14BJY076);西南大学中央高校基金基本科研费项目"地区金融活动与产业集聚基于新经济地理学视角"(批准号:SWU1409325)

摘　　要：在对金融效率和制造业集聚进行理论分析的基础上,基于1997-2011年中国省际层面的电子及通讯设备制造业数据,建立动态面板数据模型予以实证。研究发现:电子及通讯设备制造业集聚受到金融系统多个层面运行效率的影响。除金融资源分配效率及其滞后项对电子及通讯设备制造业集聚的影响显著为正外,存款投资转化率、增量资本产出率和证券市场融资效率及其滞后项均对该产业集聚的影响显著为负。银行资金运用效率对当期电子及通讯设备制造业集聚的影响效应显著为负,但滞后两阶后,该影响效应则显著为正,表明近年来银行资金运用效率提升,支持电子和通讯设备制造业集聚的效果显著改进。Based on the theoretical analysis of the financial efficiency and industrial agglomeration,using theelectronic and communication equipment manufacturing data from1997to2011on China's provincial level,thispaper established a dynamic Panel-Data model to prove the efficiency of the financier’s impact on the industryagglomeration.Our study finds that electronic and communication equipment manufacturing industry agglomerationis affected by the efficiency of the financial system on several aspects.Except the positive effect of financial resourceallocation efficiency and its lag on the industry agglomeration,deposits investment conversion efficiency,incrementalcapital-output ratio,the stock market financing efficiency and the lag of it,all of which have significantly negativeeffect on the agglomeration.But the efficiency is significantly positive after two phases,which indicates that thebank’s fund use efficiency has been improved,the effect of supporting electronic and communication equipmentmanufacturing industry agglomeration has been greatly improved.

关 键 词：金融效率 产业集聚 制造业 实证 

分 类 号：F426.6[经济管理—产业经济] F832