城市群功能分工的金融集聚效应与影响机制  

Financial Agglomeration Effect and Influence Mechanism of Functional Division of Urban Agglomeration

作　　者：谢漾 肖冬利 XIE Yang;XIAO Dongli

机构地区：[1]西南财经大学中国金融研究院

出　　处：《世界经济研究》2023年第4期119-133,M0004,共16页World Economy Studies

基　　金：国家社会科学基金项目“数字化时代创新链与产业链融合的机制创新与政策协同研究”(项目编号:22BJY034)。

摘　　要：城市群“中心—外围”城市之间逐步形成生产性服务业向中心城市集聚以及制造业向外围城市迁移的功能分工,并影响金融在城市群内部的集聚效应。文章通过构建新经济地理模型进行数值模拟,并运用空间计量SARAR模型进行实证检验。研究发现:城市群发展水平越高,功能分工水平越高,金融集聚程度越高;欠发达城市群分工程度较低,使金融资源由外围城市向中心城市集聚(虹吸作用),但是快速发展和发达城市群分工过程导致金融资源由中心向外围扩散(辐射作用);中心城市地方政府干预会加剧欠发达城市群中心对外围金融的虹吸作用,同时抑制发达城市群中心向外围的金融辐射作用;生产性服务业通过对外围城市的制造业进行支持而促使金融向外围城市扩散。因此,加强城市群功能分工和促进城市群协同发展,弱化政府干预和促进区域金融一体化,这是文章的政策含义。The functional division of labor between the"center periphery"cities of the urban agglomeration has gradually formed,with the productive service industry converging to the central city and the manufacturing industry migrating to the peripheral cities,and has affected the agglomeration effect of finance within the urban agglomeration.This paper constructs a new economic geography model for numerical simulation,and uses the spatial econometric sarar model for empirical testing.The research finds that,firstly,the higher the development level of urban agglomeration,the higher the level of functional division of labor,and the higher the degree of financial agglomeration.Secondly,the degree of sub engineering of underdeveloped urban agglomeration is low,which makes financial resources gather from peripheral cities to central cities(siphon function).However,the rapid development and the division of labor process of developed urban agglomeration lead to the diffusion of financial resources from the center to the periphery(radiation).Thirdly,the intervention of local governments in central cities will intensify the siphoning effect of the centers of underdeveloped urban agglomerations on the peripheral finance,and inhibit the financial radiation effect of the centers of developed urban agglomerations on the periphery.Finally,producer services promote the diffusion of finance to peripheral cities by supporting the manufacturing industry in peripheral cities.Therefore,strengthening the functional division of urban agglomerations and promoting the coordinated development of urban agglomerations,weakening government intervention and promoting regional financial integration have become the direct policy implications of this paper.

关 键 词：城市群 金融集聚 功能分工 政府干预 

分 类 号：F832[经济管理—金融学]