金融功能升级与区域金融发展的动态内生俱乐部收敛

doi:10.12005/orms.2019.0210

摘要/Abstract

摘要： 本文在对区域金融收敛特征研究过程中融入金融发展理论的核心思想,并构建包含金融功能升级因素的区域金融发展收敛分析框架,使用金融规模指标、金融结构指标和基于三阶段DEA模型测算的金融效率指标,将动态空间收敛模型和内生门槛收敛模型二者相结合对我国区域金融发展的收敛性和层级特征进行探究,得出结论如下:我国东部地区金融规模表现出收敛的特征,金融结构虽已逐渐匹配于经济结构,但仍呈现一定的组内差异性,金融效率趋于收敛;西部地区金融规模也表现出收敛趋势,但其金融结构与经济结构不相匹配,金融效率呈现出较大的组内差异,都没有表现出收敛的趋势;中部地区则由于需要同时顾及金融规模扩张、金融结构优和金融效率提升而面临着众多困难,其金融发展呈现一定的发散性和低层次特征。金融发展组内异质性导致成员打破传统区域设定,呈现出跨区域向发达省份接近的动态内生俱乐部收敛特征,区域金融发展呈现出不同的层级特征。

关键词: 金融发展, DEA, 动态空间过滤与收敛, 内生收敛

Abstract: Integrating the core idea of financial development into regional financial convergence research and constructing financial function promotion deciding financial convergence analysis framework, using financial scale and structure indicators and efficiency indicator computed by three stage DEA, combining dynamic spatial convergence model with endogenous convergence model to explore the convergence and hierarchy characteristic, we find that the financial scale presents convergence trend in the East, and the financial structure shows difference within the group, but realizes the match with economic structure; further the financial efficiency presents convergence trend, and the financial scale tends to converge in the West, but presents a poor matching degree with economic structure. Financial efficiency shows great difference within the group, neither has convergence trend; the Middle suffers the difficulty of scale expanding, structure optimization and efficiency promotion, presenting a diverging trend and low hierarchy characteristic. The within group heterogenicity causes a break of regional setting, performing a trans-regional dynamic endogenous club convergence path, reflecting the different hierarchy characteristic in regional financial development.

Key words: financial development, DEA, spatial convergence & filter, threshold convergence

中图分类号:

F832.

王昱, 成力为, 王晓娜. 金融功能升级与区域金融发展的动态内生俱乐部收敛[J]. 运筹与管理, 2019, 28(9): 142-156.

WANG Yu, CHENG Li-wei, WANG Xiao-na. Financial Function Promotion and Dynamic Endogenous Club Convergence in Regional Financial Development[J]. Operations Research and Management Science, 2019, 28(9): 142-156.

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