贵州财经大学学报

›› 2016 ›› Issue (06): 17-25.

• 宏观经济 • 上一篇    下一篇

政府干预、金融集聚与地区技术进步

李胜旗1, 邓细林2   

  1. 1. 首都经济贸易大学 金融学院, 北京 100070;
    2. 南开大学 经济学院, 天津 300071
  • 收稿日期:2016-08-30 出版日期:2016-11-15 发布日期:2016-12-01
  • 作者简介:李胜旗(1983-),男,湖南岳阳人,首都经济贸易大学金融学院,经济学博士,研究方向为国际金融、金融风险管理、贸易与投资理论;邓细林(1984-),男,湖南衡阳人,南开大学经济学院国际经济系,经济学博士,研究方向为国际经济学。
  • 基金资助:

    国家社科基金青年项目“负面清单管理模式下服务业开放路径与政府策略选择研究”（15CJY062）。

Government Intervention, Financial Agglomeration and Regional Technical Progress

LI Sheng-qi1, DENG Xi-ling2   

  1. 1. Capital University of Economics and Business, Beijing 100070, China;
    2. Nankai University, Tianjin 300071, China
  • Received:2016-08-30 Online:2016-11-15 Published:2016-12-01

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摘要： 金融集聚是影响地区技术进步的重要因素，而中国的金融集聚在很大程度上受到来自政府力量的干预。对政府干预影响金融集聚技术进步效应的作用机制进行阐释，并运用静态和动态面板模型对提出的理论机制进行实证检验。结果表明：中国金融集聚制约了技术进步，政府干预可以促进金融集聚发挥正向作用，但促进效果随时间推移而减弱；与行政性市场进入壁垒、劳动力流动管制和金融抑制三种干预方式的积极影响不同，政府支出规模的扩大未能改善金融集聚的技术进步效应，不同渠道的政府干预手段均有滞后性；政府干预并非越多越好，其在中、东部政府干预程度较低的地区更具积极意义，不同地区应因地制宜。

关键词: 政府干预, 金融集聚, 技术进步

Abstract: Financial agglomeration works as a powerful force driving the technical progress. Its establishment and development are deeply affected by the government. This paper expounds how government intervention affects the technical progress effect of financial agglomeration, summarizes its mechanism, and makes empirical tests using both static and dynamic panel models. Results show that China's financial agglomeration has a significant and steady upward trend, however, only when the government factor is added, can the partial effect of financial agglomeration to technical progress be positive, meanwhile its promoting effect weakens over time. Sub-index regression results show that, different from the positive effects of administrative market entry barriers, labor mobility control and financial suppression, the expansion of government spending scale fails to improve the technical effect of financial agglomeration. Sub-sample regression in terms of different regions reveals that government intervention shows more positively and potentially in the middle and east regions with lower degree of government intervention. This would help to provide a useful reference for a reasonably government force and financial agglomeration.

Key words: government intervention, financial agglomeration, regional technical progress

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