长江经济带金融与实体部门发展效率研究  

Research on Financial and Real Economy Sectors' Development Efficiency along the Yangtze River Economic Belt

作　　者：李雪松[1] 王冲 Li Xuesong;Wang Chong(School of Economics and Management,Wuhan University,Wuhan 430072,China)

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072

出　　处：《金融理论探索》2019年第1期64-74,共11页Exploration of Financial Theory

基　　金：国家社会科学基金项目"农村水环境问题的经济机理分析与管理创新制度研究"(10BJY064);中央高校基本业务经费项目"经济增长的空间一体化障碍难题与对策:长江经济带例证"(20156322020201)

摘　　要：基于2004—2015年长江经济带108个城市的面板数据,实证检验了金融与实体部门发展效率之间的关系。研究显示:总体上,当金融部门增速超过实体部门增速分别为44.19%和46.08%时,金融发展对全要素生产率与技术进步将产生显著的抑制作用。分区域来看,对全要素生产率指标来说,只有长江中游及成渝城市群表现出显著的非线性的关系;对于技术效率指标来说,金融发展除了对长三角城市群影响显著为负外,对其他城市群都不显著;对技术变动指标来说,除滇中及黔中城市群外,其他城市群均表现出非线性的关系。Based on the panel data of 108 cities in the Yangtze River Economic Belt from 2004 to 2015, the empirical test has examined the relationship between financial development, entity sector and economic growth efficiency. The research shows that: overall, when the financial sector’s growth rate exceeds the growth rate of the entity sector by 44.19% and 46.08%, respectively, financial development will have a significant inhibitory effect. Sub-regionally,for total factor productivity, only the middle reaches of the Yangtze River and Chengdu-Chongqing Urban agglomeration show a significant non-linear relationship; for technical efficiency, financial development only has a significant inhibitory effect on Yangtze River Delta City agglomerations, but has no significant for all other urban agglomerations; for technological progress, except for Yunnan and Guizhou Central Urban agglomerations, other Urban agglomerations exhibit such a nonlinear relationship.

关 键 词：金融发展 实体部门 发展效率 长江经济带 DEA-MALMQUIST指数 

分 类 号：F830.39[经济管理—金融学] F016.2