金融集聚对技术进步的影响机制研究——基于城市与空港经济区比较视角

摘要以2007—2016年我国24个城市及其空港经济区的面板数据为样本,基于系统GMM方法实证研究了金融集聚对城市和空港经济区技术进步的影响机制以及差异性。结果发现:在城市空间层面,金融综合集聚度和银行业集聚度这两个指标对全要素生产率的影响显著;在空港经济区层面,无论是城市金融综合集聚程度还是银行业、保险业、证券业的集聚,对空港经济区全要素生产率的影响均不显著,而政府支持却是显著地正相关。这表明,我国金融集聚对技术进步的影响存在区域差异性,特别是对于以航空经济为核心的空港经济区,城市金融集聚并没有推动区内产业的技术创新和发展。这也进一步说明,当前我国空港经济区仍是政府主导下的粗放型发展模式,城市金融集聚并未有效发挥其优化资本配置的功能。今后地方政府应根据城市内各要素特点,合理制定建设城市金融集聚发展的政策,引导符合城市各功能区特色产业发展需求的金融行业进行有效集聚

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关键词：城市空港经济区金融集聚技术进步全要素生产率

Abstract： Based on the panel data of 24 cities and airport hub economic zones from 2007 to 2016 in China, this paper studies the impacts of financial agglomeration on the technological progress of cities and airport hub economic zones and its differences by using dynamic GMM method. The results show that in cities, financial agglomeration and banking agglomeration have a significant impact on the total factor productivity(TFP) while in airport hub economic zones, there is no obvious impact on TFP from the agglomeration of urban finance, banking, securities, or insurance as opposed to a significant positive effect from government support. This shows that there is regional difference in the impact of financial agglomeration on technological progress in China. Especially in airport hub economic zones, financial agglomeration does not promote technological innovation or development of industries in the zones. Furthermore, the airport hub economic zones in China still follow the government-led extensive development model in which urban finance agglomeration does not fully realize its function of optimizing capital allocation. Therefore, local governments should formulate rational policies of urban financial agglomeration development according to the characteristics of various urban factors, and guide the effective agglomeration of financial industries that meet the need of urban development in various functional areas of the city.

Keywords： City Airport Hub Economic Zone Financial Agglomeration Technological Progress Total Factor Productivity

收稿日期 2018-07-02; 接受日期 ;

基金资助:国家社会科学基金重点项目(18AZS019);河南省社会科学规划决策咨询项目(2017JC34)

作者简介: 孙建国(1963— ),男,河南兰考人,博士,校特聘教授,博士生导师,主要从事金融学、金融史研究;高岩(1985— ),女,河南长垣人,博士研究生,主要从事金融集聚、航空金融研究。

引用本文:

孙建国, 高岩.金融集聚对技术进步的影响机制研究——基于城市与空港经济区比较视角[J]. 经济经纬, 2019,5: 17-24

SUN Jian-guo, GAO Yan.Research on the Influence Mechanism of Financial Agglomeration on Technological Progress —A Comparative Perspective on Cities and Airport Hub Economic Zones[J] Economic Survey, 2019,V36(5): 17-24

链接本文:

http://www.jjjw.org.cn/CN/ 或 http://www.jjjw.org.cn/CN/Y2019/V36/I5/17

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