金融集聚、全要素生产率与城市经济增长  

Financial Agglomeration,Total Factor Productivity and Urban Economic Growth

作　　者：王彦 Wang Yan(School of Economics and Finance,Xi'an Jiaotong University,Xi'an 710061,China)

机构地区：[1]西安交通大学经济与金融学院,西安710061

出　　处：《统计与决策》2022年第18期136-141,共6页Statistics & Decision

摘　　要：文章基于综合指标体系法与DEA-Malmquist指数法,测度37个金融中心城市的金融集聚水平与全要素生产率。在此基础上,构建动态面板模型实证检验金融集聚对城市经济增长的具体影响,并分析全要素生产率在其中发挥的作用。研究发现:金融集聚与城市经济增长表现为“倒U”型的非线性关系。这一结论同样适用于金融子行业中的银行业集聚与保险业集聚,而证券业集聚则能显著促进城市经济增长。在金融集聚对城市经济增长的影响过程中,全要素生产率能够发挥中介作用。进一步分析发现,互联网金融集聚对城市经济增长作用效果较为单一,现阶段仅表现为直接的促进作用。This paper is based on the comprehensive index system method and DEA-Malmquist index method to measure the level of financial agglomeration and total factor productivity(TFP)of 37 financial center cities.On this basis,a dynamic panel model is constructed to empirically test the specific impact of financial agglomeration on urban economic growth and analyze the role of TFP.The results show that the relationship between financial agglomeration and urban economic growth is an“inverted U-shaped”nonlinear one.This conclusion also applies to banking and insurance agglomeration in financial sub-industries,while securities agglomeration can significantly promote urban economic growth.In the process of financial agglomeration’s influence on urban economic growth,TFP plays a mediating role.Further analysis shows that the effect of Internet financial agglomeration on urban economic growth is relatively single and only shows a direct promoting effect at the present stage.

关 键 词：金融集聚 城市经济 全要素生产率 动态面板模型 

分 类 号：F742[经济管理—国际贸易] F832[经济管理—产业经济]