房价波动对金融服务实体经济效率的影响--基于省域面板数据的空间计量分析  

The Impact of House Price Fluctuation on the Economic Efficiency of Finance Serve the Real Economy--A Spatial Analysis Based on Provincial Panel Data

作　　者：杜书云[1,2] 田申[1,2] DU Shuyun;TIAN Shen(Institute of Tourism Management,Zhengzhou University,Zhengzhou 450001,China;Business School of Zhengzhou University,Zhengzhou 450001,China)

机构地区：[1]郑州大学旅游管理学院,河南郑州450001 [2]郑州大学商学院,河南郑州450001

出　　处：《经济经纬》2020年第3期142-150,共9页Economic Survey

摘　　要：基于2007-2017年中国省域面板数据,利用DEA-Malmquist指数测算金融服务实体经济效率,通过空间计量模型,实证分析房价波动对金融服务实体经济效率影响的区域差异及空间效应。实证结果表明:金融服务实体经济效率稳中有升,并呈地理聚集效应,房价正向波动对金融服务实体经济效率的影响为负,临近省份房价正向波动不利于本省金融服务实体经济效率的提高。分地区研究表明:房价波动对东部、西部金融服务实体经济效率的影响为负,房地产税收比重提高对东北地区金融服务实体经济效率具有不利影响。因此,要继续以稳定房价为关键抓手,逐步降低房地产税收比重,加大实体经济发展中科技创新的金融支持力度,提高金融服务实体经济效率。Based on the panel data of 31 provinces from 2001 to 2017 in China and a spatial econometric model, using the DEA-Malmquist index to estimate the efficiency of finance serve the real economy, the regional differential impact and spatial effect of house price fluctuation on the efficiency of finance serve the real economy was analyzed. The results show that there is a significant positive spatial correlation between the efficiency of finance serve the real economy in China, and the spatial cluster effect is significant. The fluctuation of house price has significant negative effects on the economic efficiency of financial service entities, and the same between in adjacent provinces. The regional studies show that house price fluctuation has a significant negative impact on the economic efficiency of financial services entities in the central and eastern regions. Therefore, more attention should be paid on stabilizing housing prices continually, reducing the tax dependence degree of real estate industry gradually, and enhancing the financial support for the R&D in real economy, so to improve the financial service efficiency in real economy.

关 键 词：房价波动 金融服务效率 实体经济 空间计量模型 

分 类 号：F830[经济管理—金融学]