金融发展的城市全要素生产率增长效应研究——基于中国260个城市面板数据分析被引量：7

The Effects of Financial Development on Total Factor Productivity Growth in China's Cities——Empirical Analysis Based on the Panel Data of 260 Cities

在线阅读下载PDF

导出

摘要基于2000—2016年期间中国260个地级及以上城市的平衡面板数据,采用3种生产要素投入DEA-Malmquist指数方法对中国城市全要素生产率(TFP)增长率进行测算和分析,在此基础上构建动态面板回归模型,实证检验金融发展对城市TFP增长的影响并验证是否具有异质性特征。研究发现:2000—2016年期间中国城市整体的TFP呈现出增长态势,推动城市总体TFP增长的动力源泉为技术进步和技术效率改善,且技术进步贡献更大。金融发展对中国城市整体的TFP增长产生显著的正向效应,但具有异质性特征。金融发展对城市TFP增长的促进作用呈现出了东部-西部-中部-东北部递减的态势,对处于行政等级高的城市TFP增长产生的促进作用更大,对500万人口规模以下城市的TFP增长促进作用更为明显。 Based on the balanced panel data of 260 prefecture-level and above cities in 30 regions of China during the period of 2000-2016,this paper uses the three-input DEA-Malmquist index method to measure and analyze the growth rate of urban total factor productivity(TFP)in China.Further,the paper constructed a dynamic panel regression model to empirically examine the relationship between financial development and urban total productivity growth.The empirical results show that the overall TFP of Chinese cities during the period of 2000-2016 show a growth trend,and the driving force behind the overall TFP growth in Chinese cities is the technological progress and improvement of technical efficiency,while the former contributes more to total TFP.Financial development plays a significant role in promoting the total TFP growth in cities,but the effects presents regional heterogeneity.The role played by financial development in the growth of urban total factor productivity shows a declining trend in the east-west-central region;Financial development has a greater effect on the growth of total factor productivity in high-administrative cities;Financial development contributes more to total factor productivity in cities under a population of 5 million than that of cities above 5 million.

作者李健辛冲冲 Li Jian;Xin Chongchong(School of Economics,Bohai University,Jinzhou 121000,China;National Academy of Economy Strategy,Chinese Academy of Social Science,Beijing 100028,China)

机构地区渤海大学经济学院中国社会科学院财经战略研究院

出处《当代经济管理》 CSSCI 北大核心 2020年第9期70-78,共9页 Contemporary Economic Management

基金教育部人文社会科学研究基金项目《金融发展的非线性经济增长效应研究:理论与中国实证》(18YJC790080)。

关键词金融发展城市全要素生产率异质性差分GMM financial development city total factor productivity heterogeneity difference GMM

分类号 F061.5 [经济管理—政治经济学] F832 [经济管理—金融学]

作者简介李健(1986-),男,辽宁辽阳人,经济学博士,渤海大学经济学院副教授、硕士生导师,研究方向为经济增长与金融发展;辛冲冲(1988-),男,河北邢台人,中国社会科学院财经战略研究院博士后,研究方向为财税理论与政策。