江苏区域金融作用机制及发展差异研究
|
摘要
金融与经济发展的关系,历来是经济学家关注的重要话题。作为区域经济发展的重要推动力,金融不仅直接反映经济的区域性特点,而且经济发展的区域性很大程度上借助于金融的区域化运行得以实现。尽管理论界对中观经济金融问题尚有不同认识,但“区域金融至少是中观金融的最主要表现形式”(张军洲1995),在我国更是一个“具有中国特色的研究领域”(刘仁伍2003)。把区域金融作为一个研究课题提出,主要是基于中国区域金融发展的不平衡性,并由此扩大了区域经济差异的现实。而江苏金融发展的地区差异是我国区域经济与金融发展差异的一个缩影和典型代表。以江苏为例分析区域金融发展的作用机制及发展差异对于缩小我国地区发展差距,因地制宜的制定相应的金融发展政策,保持经济健康运行具有重要意义。
运用金融发展理论、区域经济理论以及金融地理学的分析方法,本文所研究的第一个主题就是金融发展作用于区域经济发展的机制问题。经济发展既包括经济总量的增长,又包括经济结构的调整,而产业结构的调整是经济结构调整的核心问题。因此,对这一问题的研究本文从两方面展开:一是金融发展作用于经济增长的机制;二是金融发展作用于产业结构转变的机制。沿着理论分析——实证检验这一研究思路,本文首先对金融作用机制进行了较为详尽的理论分析,在此基础上,利用不同的金融发展指标和江苏三大区域苏南、苏中、苏北的面板数据以及时间序列数据,构建了三大区域金融发展促进经济增长的固定效应变截距模型和金融发展促进产业结构转变的VAR模型,并用协整理论及Granger因果关系检验法,对金融发展与经济发展的长短期因果关系进行了实证。实证结果表明,区域金融发展差异是造成江苏三大区域金融作用机制和作用效果不同的主要原因。
上述结论的得出从而引出了本文所研究的第二个主题,即区域金融发展差异问题。对这一问题的研究主要从下面三个方面展开:一是分析区域金融发展差异的成因;二是对江苏各地区金融发展水平进行测度和聚类;三是对江苏三大区域金融差异的变动特征及其收敛性进行实证和检验。为此,本文尝试将系统自组织理论运用到区域金融发展差异的成因分析中,指出区域经济发展差异、区位因素、市场化进程、政府政策、区域金融创新和区域信用环境是导致区域金融自组织能力差异,从而导致区域金融发展差异的主要原因。在建立区域金融发展评价指标体系的基础上,利用因子分析的统计方法和Q型聚类,本文对江苏各地区金融发展水平进行了全面测度和聚类,进一步验证了江苏“南高北低”的区域金融发展现实和数量型的区域金融发展特征。为进一步考察三大区域金融差异的变动特点,文章利用泰尔熵指数的可加分解性,对区域金融差异的变动特征进行了实证,结果显示:江苏区域内差异在逐渐缩小,而区域间差异在逐渐扩大,区域间差异的扩大是江苏金融发展差异的主要原因。文章同时还利用σ、β以及“俱乐部”检验等方法,对江苏区域金融发展差异的收敛性进行了多指标、多角度的检验。得出江苏区域金融发展不存在σ收敛,但存在β绝对收敛;同时区域金融发展还表现出了一定程度的“俱乐部收敛”的结论。
基于上述理论及实证,文章最后针对各区域金融发展的特点,提出强化金融作用机制,促进区域金融协调发展的对策建议是建立多层次、全方位的区域金融体系;构建区域间金融支持与合作协调机制;培育区域金融发展增长极;推动不同层次的区域性金融中心的建设;提高区域金融自组织能力,创造和谐金融生态环境等。
The relationship between finance and economics is always an important topic for economists. As the main push power of regional economy development, finance not only reflects regional characteristics of economy, but also operates regionally to help realize the economic regionalization. Although there still exists some different recognition about meso economics in theoretical field, regional finance is at least the main form of meso finance. It is also a research field with strong Chinese characteristics. The reason for us to take regional finance as a research subject is the reality of regional financial unbalancedness in China, which results in the enlargement of regional economic difference. Financial difference in Jiangsu province is an epitome of China’s regional economic and financial difference. So it has a great significance to take Jiangsu as a case to analyze regional finance action mechanism and its development differences so that we can reduce the differences among regions, adapt related financial development policies to local conditions and keep the economy in healthy operation.
With the help of financial development theory, regional economic theory and theory of financial geography, the first topic to be studied in this dissertation is the action mechanism of financial development on regional economy. Economic development consists of two parts: the economic growth and the adjustment of economic structure. Because the structural adjustment of industry is the core of economic structure, the research on this problem is carried out from two aspects: one is the financial development action on economic growth;Another is the financial development action on structural upgrading of industry. Along with the research thoughts as theoretical analysis ----empirical test, the dissertation makes a detail theoretical analysis on financial action mechanism. At the same time, by using various financial development index and panel data, time series data in south, middle and north Jiangsu province, the paper established Fixed Effect Variable Intercept Model to test regional financial development action on economic growth and VAR Model to study empirically the financial action on industrial upgrading. Meanwhile, cointegration theory, Granger Causality Test method are used to test long term and short term causality relations between financial and economic development. Empirical studies show that regional financial difference is the main cause that leads to the different action mechanism and effects in three areas in Jiangsu.
The above conclusions draw out the second topic to be discussed in the dissertation, regional financial difference. This research is carried out as the following three aspects: one is to analyze the causation of regional financial development difference; another is to measure the financial development level in different parts of Jiangsu; the third is to empirical studies on the fluctuation characteristics and convergence of three areas’financial development. In order to realize these ideas, systematic self-organization theory is applied to analyze the causation of regional finance difference. It is point out in the dissertation that regional economic difference, local environment, marketization, policies, regional innovation and credit environment are the main factors that result in the difference in regional financial development. Based on the establishment of regional financial development evaluation index system, the financial development level in different parts of Jiangsu is measured by factor analysis and case cluster methods. The results proved the current situation in Jiangsu financial development and its quantitative development characteristics. In order to further study the fluctuation characteristics, Theil’s index is used here. The result shows that financial difference within regions is getting smaller while difference among regions is becoming larger. Difference among regions is the main reason for the difference enlargement in Jiangsu province. With the help ofσ、βand club test methods, the convergence of regional financial development is tested either. The conclusion is that there is noσconvergence, but existsβabsolute convergence in Jiangsu regional financial development. Meanwhile there also presents“club convergence”at some extent.
On the basis of above theoretical analysis and empirical studies, some suggestions to strengthen the financial action mechanism and promote the coordinated development of regional financial development are put forward in the dissertation at last. They are as follows: to set up multi-layer and overall regional financial system; construct regional coordinated financial support and cooperation mechanism; cultivate regional financial growth pole; push the establishment of different levels of regional financial centers; increase self-organization abilities of regional finance and create harmonious financial ecological environment and etc.
运用金融发展理论、区域经济理论以及金融地理学的分析方法,本文所研究的第一个主题就是金融发展作用于区域经济发展的机制问题。经济发展既包括经济总量的增长,又包括经济结构的调整,而产业结构的调整是经济结构调整的核心问题。因此,对这一问题的研究本文从两方面展开:一是金融发展作用于经济增长的机制;二是金融发展作用于产业结构转变的机制。沿着理论分析——实证检验这一研究思路,本文首先对金融作用机制进行了较为详尽的理论分析,在此基础上,利用不同的金融发展指标和江苏三大区域苏南、苏中、苏北的面板数据以及时间序列数据,构建了三大区域金融发展促进经济增长的固定效应变截距模型和金融发展促进产业结构转变的VAR模型,并用协整理论及Granger因果关系检验法,对金融发展与经济发展的长短期因果关系进行了实证。实证结果表明,区域金融发展差异是造成江苏三大区域金融作用机制和作用效果不同的主要原因。
上述结论的得出从而引出了本文所研究的第二个主题,即区域金融发展差异问题。对这一问题的研究主要从下面三个方面展开:一是分析区域金融发展差异的成因;二是对江苏各地区金融发展水平进行测度和聚类;三是对江苏三大区域金融差异的变动特征及其收敛性进行实证和检验。为此,本文尝试将系统自组织理论运用到区域金融发展差异的成因分析中,指出区域经济发展差异、区位因素、市场化进程、政府政策、区域金融创新和区域信用环境是导致区域金融自组织能力差异,从而导致区域金融发展差异的主要原因。在建立区域金融发展评价指标体系的基础上,利用因子分析的统计方法和Q型聚类,本文对江苏各地区金融发展水平进行了全面测度和聚类,进一步验证了江苏“南高北低”的区域金融发展现实和数量型的区域金融发展特征。为进一步考察三大区域金融差异的变动特点,文章利用泰尔熵指数的可加分解性,对区域金融差异的变动特征进行了实证,结果显示:江苏区域内差异在逐渐缩小,而区域间差异在逐渐扩大,区域间差异的扩大是江苏金融发展差异的主要原因。文章同时还利用σ、β以及“俱乐部”检验等方法,对江苏区域金融发展差异的收敛性进行了多指标、多角度的检验。得出江苏区域金融发展不存在σ收敛,但存在β绝对收敛;同时区域金融发展还表现出了一定程度的“俱乐部收敛”的结论。
基于上述理论及实证,文章最后针对各区域金融发展的特点,提出强化金融作用机制,促进区域金融协调发展的对策建议是建立多层次、全方位的区域金融体系;构建区域间金融支持与合作协调机制;培育区域金融发展增长极;推动不同层次的区域性金融中心的建设;提高区域金融自组织能力,创造和谐金融生态环境等。
The relationship between finance and economics is always an important topic for economists. As the main push power of regional economy development, finance not only reflects regional characteristics of economy, but also operates regionally to help realize the economic regionalization. Although there still exists some different recognition about meso economics in theoretical field, regional finance is at least the main form of meso finance. It is also a research field with strong Chinese characteristics. The reason for us to take regional finance as a research subject is the reality of regional financial unbalancedness in China, which results in the enlargement of regional economic difference. Financial difference in Jiangsu province is an epitome of China’s regional economic and financial difference. So it has a great significance to take Jiangsu as a case to analyze regional finance action mechanism and its development differences so that we can reduce the differences among regions, adapt related financial development policies to local conditions and keep the economy in healthy operation.
With the help of financial development theory, regional economic theory and theory of financial geography, the first topic to be studied in this dissertation is the action mechanism of financial development on regional economy. Economic development consists of two parts: the economic growth and the adjustment of economic structure. Because the structural adjustment of industry is the core of economic structure, the research on this problem is carried out from two aspects: one is the financial development action on economic growth;Another is the financial development action on structural upgrading of industry. Along with the research thoughts as theoretical analysis ----empirical test, the dissertation makes a detail theoretical analysis on financial action mechanism. At the same time, by using various financial development index and panel data, time series data in south, middle and north Jiangsu province, the paper established Fixed Effect Variable Intercept Model to test regional financial development action on economic growth and VAR Model to study empirically the financial action on industrial upgrading. Meanwhile, cointegration theory, Granger Causality Test method are used to test long term and short term causality relations between financial and economic development. Empirical studies show that regional financial difference is the main cause that leads to the different action mechanism and effects in three areas in Jiangsu.
The above conclusions draw out the second topic to be discussed in the dissertation, regional financial difference. This research is carried out as the following three aspects: one is to analyze the causation of regional financial development difference; another is to measure the financial development level in different parts of Jiangsu; the third is to empirical studies on the fluctuation characteristics and convergence of three areas’financial development. In order to realize these ideas, systematic self-organization theory is applied to analyze the causation of regional finance difference. It is point out in the dissertation that regional economic difference, local environment, marketization, policies, regional innovation and credit environment are the main factors that result in the difference in regional financial development. Based on the establishment of regional financial development evaluation index system, the financial development level in different parts of Jiangsu is measured by factor analysis and case cluster methods. The results proved the current situation in Jiangsu financial development and its quantitative development characteristics. In order to further study the fluctuation characteristics, Theil’s index is used here. The result shows that financial difference within regions is getting smaller while difference among regions is becoming larger. Difference among regions is the main reason for the difference enlargement in Jiangsu province. With the help ofσ、βand club test methods, the convergence of regional financial development is tested either. The conclusion is that there is noσconvergence, but existsβabsolute convergence in Jiangsu regional financial development. Meanwhile there also presents“club convergence”at some extent.
On the basis of above theoretical analysis and empirical studies, some suggestions to strengthen the financial action mechanism and promote the coordinated development of regional financial development are put forward in the dissertation at last. They are as follows: to set up multi-layer and overall regional financial system; construct regional coordinated financial support and cooperation mechanism; cultivate regional financial growth pole; push the establishment of different levels of regional financial centers; increase self-organization abilities of regional finance and create harmonious financial ecological environment and etc.
引文
[1]艾德加·胡佛等著,郭万清译.区域经济导论[M].上海远东出版社,1992:220
[2]艾洪德,徐明圣.区域金融研究:以辽宁省为例[M].东北财经大学出版社:2006:19-30
[3]艾仁智.自组织理论与城市商业银行发展[J].金融研究,2005,300(6):107-114.
[4]爱德华·肖.经济发展中的金融深化[M].上海三联书店出版社,1991: 71-86
[5]蔡则祥.金融结构优化论[M].中国社会科学出版社:2006:167
[6]曹啸.金融体系的内生演进与制度分析[M].中国金融出版社:2006:17-25
[7]陈聪.我国金融发展与产业结构升级的关系研究[J].统计与决策,2008,261(9):108-109.
[8]陈宁波,方华.自组织视角下的我国金融业[J].商业研究,2008,374(6):129-131.
[9]陈守东,杨东亮,赵晓力.区域金融发展与区域经济增长—基于中国数据的实证分析[J].财贸经济,2008,(2):53-57.
[10]陈先勇.中国区域金融发展与区域经济增长[M].武汉大学出版社:2005:162-175
[11]初可佳.金融机构网络关系自组织演化机制-以银保混业经营为例[J].金融理论与实践,2008,345(4):14-19.
[12]储祥好.我国区域发展差异的收敛性分析[J].学术界,2006,120(5):195-199.
[13]崔满红.区域金融理论研究[M].中国财政经济出版社,2002.
[14]董锋,谭清美,周德群,朱佳翔.基于因子分析的企业自主创新能力评价[J].软科学,2008,22(11):98-102.
[15]董金玲.城市金融竞争力研究与评价:以江苏为例[J].江苏商论,2008, (2):170-172.
[16]董金玲.我国区域金融研究综述及展望[J].经济学动态,2008(11): 73-76
[17]杜朝运,郑瑜.自组织视角下的台湾农村合作金融运作及启示[J].台湾研究·经济,2008,(1):36-41.
[18]范方志,张立军.中国地区金融结构转变与产业结构升级研究[J].金融研究,2003, (11):36-48.
[19]范祚军.区域金融调控论[M].人民出版社:2007:85-116
[20]高连和.区域金融和谐发展研究[M].中国经济出版社:2008:95-104
[21]高铁梅.计量经济分析方法与建模:EViews应用及实例[M].清华大学出版社:2006:249-348
[22]戈德史密斯.金融结构与金融发展[M].上海三联书店,1990: 25-130
[23]龚云腾.江苏区域经济增长的收敛性分析[J].南京审计学院学报,2007,4(2):11-15.
[24]郭金龙.复杂系统范式视角下的金融演进与发展[M].中国金融出版社:2007:193-202
[25]郭金龙.金融复杂系统演进与金融发展[D].沈阳:辽宁大学金融学院,2006.
[26]郭云峰,郑垂勇.金融资源系统自组织特征研究[J].济南大学学报:社会科学版.2008,18(4):71-73.
[27]哈斯.金融发展视角下中国区域经济增长的非均衡分析[D].上海:复旦大学经济学院,2006.
[28]韩国文.金融创新的一种自组织演化理论分析和解释[J].华中农业大学学报:社会科学版,2008,73(1):59-62.
[29]韩廷春.金融发展与经济增长[M].清华大学出版社,2002.
[30]侯景新,尹卫红.区域经济分析方法[M].商务印书馆:2004:107-139
[31]胡章俊.江苏区域经济发展差异与协调机制研究[J].江南论坛,2007,(10):18-22.
[32]黄湘雄,呙玉红.广东区域金融发展实证研究[J].南方金融,2004,337(9):22-24.
[33]金雪军,田霖.区域金融综合竞争力的模糊曲线分析[J].中南大学学报:社会科学版,2004,10(6):740-746
[34]简明不列颠百科全书[M],第六卷,中国大百科全书出版社,1986:703
[35]李崇阳.自组织理论与新经济发展[M].银川:宁夏人民教育出版社,2001:5.
[36]李健.中国金融发展中的结构问题[M].中国人民大学出版社:2004:
[37]李江.金融发展学[M].科学出版社:2005:75-100.
[38]李敬,冉光和,万广华.中国区域金融发展差异的解释—基于劳动分工理论与Shapley值分解方法[J].经济研究,2007,(5):42-54.
[39]李敬,徐鲲,杜晓.区域金融发展的收敛机制与中国区域金融发展差异的变动[J].中国软科学,2008,(11):96-103.
[40]李敬.中国区域金融发展差异研究——基于劳动分工理论的视角[D].重庆:重庆大学经济与工商管理学院,2007.
[41]李木祥,钟子明,冯宗茂.中国金融结构与经济发展[M].中国金融出版社:2004:181-190
[42]李小健.金融地理学理论视角及中国金融地理研究[J].经济地理,2006,26(5):721-725.
[43]刘仁武.区域金融结构和金融发展理论与实证研究[M].经济管理出版社,2003:55-64
[44]刘淑莲,王真,赵建卫.基于因子分析的上市公司信用评级应用研究[J].财经问题研究,2008,296(7):53-60.
[45]刘伟,潘宏胜.城市金融竞争力的测度与比较[J].生产力研究,2004,(1):74-76.
[46]刘云生.区域金融研究视角述评[J].南方金融,2007,373(9):27-29.
[47]卢佳,金雪军.中国区域金融发展:地理环境与经济政策—基于金融地理学视角的实证分析[J].金融理论与实践,2007,335(6):7-9.
[48]陆文喜,李国平.中国区域金融发展的收敛性分析[J].数量经济技术经济研究,2004,(2):125-128.
[49]马晓丽,夏芸.基于泰尔指数的甘肃区域收入差距比较[J].价格月刊,2008,369(2):22-25.
[50]马智利,周翔宇.中国金融发展与产业结构升级关系的实证研究[J].上海金融,2008,(2):18-21.
[51]毛剑峰.区域金融研究的新发展[J].生产力研究,2006,(12):69-71.
[52]彭兴韵.金融发展的路径依赖与金融自由化[M].上海人民出版社:2002:49-51
[53]冉茂盛,张宗益.转型经济与金融发展[M].重庆大学出版社:2004:136-173
[54]任英华.EViews应用实验教程[M].湖南大学出版社:2008:153-187
[55]孙国锋,高艳春.金融发展对经济增长作用的区域差异—来自苏南、苏中、苏北的实证分析[J].商业研究,2007,364(8):111-114.
[56]孙力军.中国金融发展与经济增长关系的理论和实证分析[D].上海:复旦大学经济学院,2007.
[57]孙亚超.区域金融创新系统与武汉金融竞争力研究[D].武汉:武汉理工大学经济学院,2005.
[58]索纾.中国金融发展与产业结构调整的实证研究[D].北京:中国人民大学财政金融学院,2008.
[59]谈儒勇.金融发展理论与中国金融发展[M].中国经济出版社,2000:40-76
[60]田霖.区域金融成长差异——金融地理学视角[M].经济科学出版社:2006:204-210
[61]田霖.区域金融综合竞争力的聚类分析与金融资源的优化整合[J].金融理论与实践,2006,319(2):16-18.
[62]田泽永,江可申,谢忠秋.固定资产投资对经济增长贡献的比较研究--基于东、中、西部面板数据的分析[J].预测,2008,27(1):29-33.
[63]王景武.中国区域金融发展与政府行为:理论与实证[M].中国金融出版社:2007: 87-104
[64]王仁祥,孙亚超.城市金融竞争力研究[J].科技进步与对策,2004,(12):45-48.
[65]王子龙,谭清美,许箫迪.区域经济系统演化的自组织机制研究[J].财贸研究,2005,(6):5-7.
[66]吴锐.基于自组织理论的农村金融问题探讨[J].邵阳学院学报:社会科学版,2008,7(5):79-82.
[67]吴彤.自组织方法论研究[M].清华大学出版社,2001.
[68]吴云.金融发展与城乡收入差距关系的实证研究——基于浙江案例[J].浙江金融,2008,(5):36-37
[69]项利华,杨冉.城市金融竞争力比较研究[J].经济研究导刊,2006,7(6):85-87.
[70]谢清河.金融结构与金融效率[M].经济管理出版社:2008:69
[71]谢志.金融发展与产业结构升级及经济增长的关系[J].经济问题探讨,2007,17(9):98-99.
[72]徐璋勇,陈颖.区域金融竞争力指标体系构建[J].长安大学学报:社会科学版2007,9(3):28-30.
[73]亚当·斯密.国民财富的性质和原因的研究(上卷)[M],北京:商务印书馆,2004,P268
[74]杨德勇.区域产业与金融发展研究[M].中国经济出版社:2007:246-272
[75]杨德勇等.区域金融发展问题研究[M].中国金融出版社:2006:64-91
[76]杨琳,李建伟.金融结构转变与实体经济结构升级[ J ].财贸经济, 2002,(2): 9 - 13.
[77]叶耀明,纪翠玲.长三角城市群金融发展对产业变动的影响[J].上海金融,2004,(6): 10-12.
[78]叶耀明,王胜.长三角城市群金融发展对经济增长促进作用的实证分析—基于动态计量经济学分析方法的应用[J].经济问题探索,2007,(4):128—133.
[79]易丹辉.数据分析与EViews应用[M].中国统计出版社:2002:135-204
[80]殷德生,肖顺喜.体制转轨中的区域金融研究[M].学林出版社,2000: 24-88
[81]殷兴山,贺绎奋,徐洪水.长三角金融集聚太势与提升竞争力分析[J].上海金融,2003, (8):42-44.
[82]曾康霖.二元金融与区域金融[M].中国金融出版社:2008:64-75
[83]湛垦华.普利高津与耗散结构[M].西安:陕西科学出版社,1998:110.
[84]张兵,薛德余.区域金融发展与经济增长的ECM模型分析-以江苏省为例[J].江西农业学报,2008,20(6):155-158.
[85]张凤超.金融地域系统研究—关于金融一体化的一种解释[M].人民出版社:2006:36-40
[86]张杰.中国金融成长的经济分析[M].中国经济出版社,1995:123-150
[87]张军洲.中国区域金融分析[M].北京:中国经济出版社,1995
[88]张梅.中国金融发展的产业升级效应研究[D].上海:复旦大学经济学院,2006.
[89]朱舜.行政区域经济:特征、种类与演化[J].经济学动态,2004(5)
[90]张晓峒.计量经济学软件Eviews使用指南[M].南开大学出版社:2003:177-192
[91]张秀生,卫鹏鹏.区域经济理论[M].武汉大学出版社:2005:50-68
[92]赵楠.中国各地区金融发展与固定资产投资关系的实证研究[D].厦门大学,2006.
[93]赵伟,马瑞永.中国区域金融发展的收敛性、成因及政策建议[J].中国软科学,2006,(2):94-101.
[94]郑长德.当代西方区域金融研究的演进及其对我国区域金融研究的启示[J].西南民族大学学报:人文社科版,2005,26(11):151-160.
[95]郑长德.中国区域金融问题研究[M].中国财政经济出版社:2007:28-56
[96]郑秀峰,中国金融结构调整的产业背景研究[D].上海:复旦大学经济学院,2004.
[97]支大林,祝晓波.区域产业结构变迁中的金融结构因素分析[J].东北师大学报:哲学社会科学版,2004,208(2):62-68.
[98]支大林.中国区域金融研究[D].长春:东北师范大学地理科学院,2002.
[99]中国人民银行西安分行课题组.我国区域金融发展的差异问题[J].中国金融,2007,(21):65-66.
[100]中国人民银行郑州中心支行课题组.我国金融资源区域分布不平衡的机制分析及政策建议[J].金融理论与实践,2007,338(9):8-12.
[101]周立.中国各地区金融发展与经济增长(1978—2000)[M].清华大学出版社:2004:37-57
[102]朱建芳.区域金融发展差距:理论与实证分析[D].杭州:浙江大学经济学院,2006.
[103]诸葛秀山.金融创新与经济增长的关系研究[D].镇江:江苏大学统计学院,2007.
[104]祝发龙,龙如银.计量经济学[M].中国矿大出版社:2002:70-94
[105] Aziz, Jahangir and Duenwald Christoph:Growth-Financial Intermediation Nexus in China. IMF Working Paper, 2002, No. 194.
[106] Basant K. Kapur. Financial Deregulation and Integration in East Asia. The World Economic Review,1996,14(2): 371-396
[107] Bencivenga , Valerie R.and Smith ,Bruce D. Financial Intermediation and Endogenous Growth. Review of Economics Studies,1991.Vol.58(2):195-209
[108] Clark.Money flows like Mercury: The Geography of Global Finance. Geografisca Annaler.2005,87B(2):99-112
[109] Cesar,C . Liu Lin. The Direction of Causality Between Financial Development and Economic Growth. Journal of Development Economics, 2003(72):321-334
[110] De gregorio, Jose and Pablo E. Guidotti. Financial Development and Economic Growth. World Development,1995,23(3):433-448
[111] Demirguc-Kunt And Levine R. Stock Market Development and Financial Intermediaries: Stylized Facts. Working Paper,1996
[112] Dehejia,R.and A. Lleras-Muney. Why Does Financial development Matter? The United States from 1900 to 1940. NBER Working Paper, 2003,No.9551
[113] Diamond, Douglas W. Financial Intermediation and Delegated Monitoring . Review of Economic Studies.,1984(51): 393-414
[114] Dickey, D.A. and W.A. Fuller. Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica, 1981(49), 1057-1072. Dow S C .
[115] Engle, R. and Granger, C. Cointegration and Error Correction: Representation, Estimation, and Testing. Econometrics 1987(55), 251-276.
[116] Galbis,Vicente. Structuralism and Financial Liberalization. Finance and Development, 1976,13(2)
[117] Gehrig. Cities and the Geography of Financial Centers. http://www.econpapers.hhs.se/paper/cprceprdp/1894.htm.2002
[118] Genevieve Boyreau-Debray,Shang-jin we. Pitfalls of a State-Dominated Financial System: The Case of China. NBER working Paper,2005,No w11214
[119] Greenwood, Jeremy, and Boyan Jovanovic. Financial Development, Growth ,and the Distribution of Income, Journal of Political Economy,1990,98(5): 1076-1107
[120] Guiso, L., P. Sapienza and L. Zingales. Does Local Financial Development Matter? National Bureau of Economic Research, Working Paper, 2002,No. 8923,.
[121] Harrison, Paul: Sussman, Oren: Zeira, Joseph. Finance and Growth: Theory and New Evidence. US Federal Reserve Board’s Finance & Economic Discussion Series, Working Papers, 1999. NO. 99-35.
[122] Jayaratne, J. and P. E. Strahan. The Finance-Growth Nexus: Evidence from Bank Branch Deregulation[J]. Quarterly Journal of Economics, 1996(111): 639-670.
[123] Johansen S. and Juselius K. Maximum Likelihood Estimation and Inference on Cointegration withApplications to the Demand for Money. Oxford Bulletin o f Economics and Statistics, 1990(52), 169-210.
[124] Johansen Soren. Statistical Analysis of Cointegration Vectors, Journal of Economics Dynamics and Control,1988(12):231-254.
[125] King,Robert G, and Ross Levine. Finance, Enterpreneurship and Growth: Theory and Evidence. Journal of Monetary Economics.December.1993,32(3):513-542
[126] Krugman, P. Increasing Returns and Economic Geography. Journal of Political Economy,1991: 483-499
[127] Levine R. Financial Development and Economic Growth:Views and Agenda. Journal of Economic Review,1997(35)2:688-726
[128] Levine,Ross. Stock markets,Growth and Tax Policy. The journal of Finance.1991, Vol.46: 1445-1465
[129] Marco Pagano. Financial Market and Growth, European Economic Review,1993(37) 613-622.
[130] Mathieson,Donald,J. Financial Reform and Stabilization Policy in a Developing Economy. Marco Pagano. Financial Market and Growth, European Economic Review,1993(37) 613-622.
[131] Mckinnon,Ronald I. Money and Capital in Economic Development ,Washington,DC: The Bookings Institution,1973:111-127
[132] Mukherji Ananda. Structure Organization for the Future :Analyzing and Managing Change. Management Decision ,1998 ,36(4).
[133] Myrdal. Economic Theory and Underdevelopment Region. London: Gerald Duckworth,1957:100
[134] O’Brien.Global Financial Integration: the End of Geography. London:Loyal Institution of International Afairs,1992:150
[135] Roubini, Nouriel and Zavier Sala-I-Martin. Financial Development, the Trade Regime,and Economic Growth, Cambrige,Mass: National Bureau of Economic Research, NBER Working Paper NO.3876
[136]Rousseau,P.L.and Wacchtel,P. Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries. Journal of Money, Credit and Banking,Vol.30,No.4:657-678
[137] Shaw, Edward S. Financial Deepening in Economic Development ,New York: Oxford University Press,1973: 45
[2]艾洪德,徐明圣.区域金融研究:以辽宁省为例[M].东北财经大学出版社:2006:19-30
[3]艾仁智.自组织理论与城市商业银行发展[J].金融研究,2005,300(6):107-114.
[4]爱德华·肖.经济发展中的金融深化[M].上海三联书店出版社,1991: 71-86
[5]蔡则祥.金融结构优化论[M].中国社会科学出版社:2006:167
[6]曹啸.金融体系的内生演进与制度分析[M].中国金融出版社:2006:17-25
[7]陈聪.我国金融发展与产业结构升级的关系研究[J].统计与决策,2008,261(9):108-109.
[8]陈宁波,方华.自组织视角下的我国金融业[J].商业研究,2008,374(6):129-131.
[9]陈守东,杨东亮,赵晓力.区域金融发展与区域经济增长—基于中国数据的实证分析[J].财贸经济,2008,(2):53-57.
[10]陈先勇.中国区域金融发展与区域经济增长[M].武汉大学出版社:2005:162-175
[11]初可佳.金融机构网络关系自组织演化机制-以银保混业经营为例[J].金融理论与实践,2008,345(4):14-19.
[12]储祥好.我国区域发展差异的收敛性分析[J].学术界,2006,120(5):195-199.
[13]崔满红.区域金融理论研究[M].中国财政经济出版社,2002.
[14]董锋,谭清美,周德群,朱佳翔.基于因子分析的企业自主创新能力评价[J].软科学,2008,22(11):98-102.
[15]董金玲.城市金融竞争力研究与评价:以江苏为例[J].江苏商论,2008, (2):170-172.
[16]董金玲.我国区域金融研究综述及展望[J].经济学动态,2008(11): 73-76
[17]杜朝运,郑瑜.自组织视角下的台湾农村合作金融运作及启示[J].台湾研究·经济,2008,(1):36-41.
[18]范方志,张立军.中国地区金融结构转变与产业结构升级研究[J].金融研究,2003, (11):36-48.
[19]范祚军.区域金融调控论[M].人民出版社:2007:85-116
[20]高连和.区域金融和谐发展研究[M].中国经济出版社:2008:95-104
[21]高铁梅.计量经济分析方法与建模:EViews应用及实例[M].清华大学出版社:2006:249-348
[22]戈德史密斯.金融结构与金融发展[M].上海三联书店,1990: 25-130
[23]龚云腾.江苏区域经济增长的收敛性分析[J].南京审计学院学报,2007,4(2):11-15.
[24]郭金龙.复杂系统范式视角下的金融演进与发展[M].中国金融出版社:2007:193-202
[25]郭金龙.金融复杂系统演进与金融发展[D].沈阳:辽宁大学金融学院,2006.
[26]郭云峰,郑垂勇.金融资源系统自组织特征研究[J].济南大学学报:社会科学版.2008,18(4):71-73.
[27]哈斯.金融发展视角下中国区域经济增长的非均衡分析[D].上海:复旦大学经济学院,2006.
[28]韩国文.金融创新的一种自组织演化理论分析和解释[J].华中农业大学学报:社会科学版,2008,73(1):59-62.
[29]韩廷春.金融发展与经济增长[M].清华大学出版社,2002.
[30]侯景新,尹卫红.区域经济分析方法[M].商务印书馆:2004:107-139
[31]胡章俊.江苏区域经济发展差异与协调机制研究[J].江南论坛,2007,(10):18-22.
[32]黄湘雄,呙玉红.广东区域金融发展实证研究[J].南方金融,2004,337(9):22-24.
[33]金雪军,田霖.区域金融综合竞争力的模糊曲线分析[J].中南大学学报:社会科学版,2004,10(6):740-746
[34]简明不列颠百科全书[M],第六卷,中国大百科全书出版社,1986:703
[35]李崇阳.自组织理论与新经济发展[M].银川:宁夏人民教育出版社,2001:5.
[36]李健.中国金融发展中的结构问题[M].中国人民大学出版社:2004:
[37]李江.金融发展学[M].科学出版社:2005:75-100.
[38]李敬,冉光和,万广华.中国区域金融发展差异的解释—基于劳动分工理论与Shapley值分解方法[J].经济研究,2007,(5):42-54.
[39]李敬,徐鲲,杜晓.区域金融发展的收敛机制与中国区域金融发展差异的变动[J].中国软科学,2008,(11):96-103.
[40]李敬.中国区域金融发展差异研究——基于劳动分工理论的视角[D].重庆:重庆大学经济与工商管理学院,2007.
[41]李木祥,钟子明,冯宗茂.中国金融结构与经济发展[M].中国金融出版社:2004:181-190
[42]李小健.金融地理学理论视角及中国金融地理研究[J].经济地理,2006,26(5):721-725.
[43]刘仁武.区域金融结构和金融发展理论与实证研究[M].经济管理出版社,2003:55-64
[44]刘淑莲,王真,赵建卫.基于因子分析的上市公司信用评级应用研究[J].财经问题研究,2008,296(7):53-60.
[45]刘伟,潘宏胜.城市金融竞争力的测度与比较[J].生产力研究,2004,(1):74-76.
[46]刘云生.区域金融研究视角述评[J].南方金融,2007,373(9):27-29.
[47]卢佳,金雪军.中国区域金融发展:地理环境与经济政策—基于金融地理学视角的实证分析[J].金融理论与实践,2007,335(6):7-9.
[48]陆文喜,李国平.中国区域金融发展的收敛性分析[J].数量经济技术经济研究,2004,(2):125-128.
[49]马晓丽,夏芸.基于泰尔指数的甘肃区域收入差距比较[J].价格月刊,2008,369(2):22-25.
[50]马智利,周翔宇.中国金融发展与产业结构升级关系的实证研究[J].上海金融,2008,(2):18-21.
[51]毛剑峰.区域金融研究的新发展[J].生产力研究,2006,(12):69-71.
[52]彭兴韵.金融发展的路径依赖与金融自由化[M].上海人民出版社:2002:49-51
[53]冉茂盛,张宗益.转型经济与金融发展[M].重庆大学出版社:2004:136-173
[54]任英华.EViews应用实验教程[M].湖南大学出版社:2008:153-187
[55]孙国锋,高艳春.金融发展对经济增长作用的区域差异—来自苏南、苏中、苏北的实证分析[J].商业研究,2007,364(8):111-114.
[56]孙力军.中国金融发展与经济增长关系的理论和实证分析[D].上海:复旦大学经济学院,2007.
[57]孙亚超.区域金融创新系统与武汉金融竞争力研究[D].武汉:武汉理工大学经济学院,2005.
[58]索纾.中国金融发展与产业结构调整的实证研究[D].北京:中国人民大学财政金融学院,2008.
[59]谈儒勇.金融发展理论与中国金融发展[M].中国经济出版社,2000:40-76
[60]田霖.区域金融成长差异——金融地理学视角[M].经济科学出版社:2006:204-210
[61]田霖.区域金融综合竞争力的聚类分析与金融资源的优化整合[J].金融理论与实践,2006,319(2):16-18.
[62]田泽永,江可申,谢忠秋.固定资产投资对经济增长贡献的比较研究--基于东、中、西部面板数据的分析[J].预测,2008,27(1):29-33.
[63]王景武.中国区域金融发展与政府行为:理论与实证[M].中国金融出版社:2007: 87-104
[64]王仁祥,孙亚超.城市金融竞争力研究[J].科技进步与对策,2004,(12):45-48.
[65]王子龙,谭清美,许箫迪.区域经济系统演化的自组织机制研究[J].财贸研究,2005,(6):5-7.
[66]吴锐.基于自组织理论的农村金融问题探讨[J].邵阳学院学报:社会科学版,2008,7(5):79-82.
[67]吴彤.自组织方法论研究[M].清华大学出版社,2001.
[68]吴云.金融发展与城乡收入差距关系的实证研究——基于浙江案例[J].浙江金融,2008,(5):36-37
[69]项利华,杨冉.城市金融竞争力比较研究[J].经济研究导刊,2006,7(6):85-87.
[70]谢清河.金融结构与金融效率[M].经济管理出版社:2008:69
[71]谢志.金融发展与产业结构升级及经济增长的关系[J].经济问题探讨,2007,17(9):98-99.
[72]徐璋勇,陈颖.区域金融竞争力指标体系构建[J].长安大学学报:社会科学版2007,9(3):28-30.
[73]亚当·斯密.国民财富的性质和原因的研究(上卷)[M],北京:商务印书馆,2004,P268
[74]杨德勇.区域产业与金融发展研究[M].中国经济出版社:2007:246-272
[75]杨德勇等.区域金融发展问题研究[M].中国金融出版社:2006:64-91
[76]杨琳,李建伟.金融结构转变与实体经济结构升级[ J ].财贸经济, 2002,(2): 9 - 13.
[77]叶耀明,纪翠玲.长三角城市群金融发展对产业变动的影响[J].上海金融,2004,(6): 10-12.
[78]叶耀明,王胜.长三角城市群金融发展对经济增长促进作用的实证分析—基于动态计量经济学分析方法的应用[J].经济问题探索,2007,(4):128—133.
[79]易丹辉.数据分析与EViews应用[M].中国统计出版社:2002:135-204
[80]殷德生,肖顺喜.体制转轨中的区域金融研究[M].学林出版社,2000: 24-88
[81]殷兴山,贺绎奋,徐洪水.长三角金融集聚太势与提升竞争力分析[J].上海金融,2003, (8):42-44.
[82]曾康霖.二元金融与区域金融[M].中国金融出版社:2008:64-75
[83]湛垦华.普利高津与耗散结构[M].西安:陕西科学出版社,1998:110.
[84]张兵,薛德余.区域金融发展与经济增长的ECM模型分析-以江苏省为例[J].江西农业学报,2008,20(6):155-158.
[85]张凤超.金融地域系统研究—关于金融一体化的一种解释[M].人民出版社:2006:36-40
[86]张杰.中国金融成长的经济分析[M].中国经济出版社,1995:123-150
[87]张军洲.中国区域金融分析[M].北京:中国经济出版社,1995
[88]张梅.中国金融发展的产业升级效应研究[D].上海:复旦大学经济学院,2006.
[89]朱舜.行政区域经济:特征、种类与演化[J].经济学动态,2004(5)
[90]张晓峒.计量经济学软件Eviews使用指南[M].南开大学出版社:2003:177-192
[91]张秀生,卫鹏鹏.区域经济理论[M].武汉大学出版社:2005:50-68
[92]赵楠.中国各地区金融发展与固定资产投资关系的实证研究[D].厦门大学,2006.
[93]赵伟,马瑞永.中国区域金融发展的收敛性、成因及政策建议[J].中国软科学,2006,(2):94-101.
[94]郑长德.当代西方区域金融研究的演进及其对我国区域金融研究的启示[J].西南民族大学学报:人文社科版,2005,26(11):151-160.
[95]郑长德.中国区域金融问题研究[M].中国财政经济出版社:2007:28-56
[96]郑秀峰,中国金融结构调整的产业背景研究[D].上海:复旦大学经济学院,2004.
[97]支大林,祝晓波.区域产业结构变迁中的金融结构因素分析[J].东北师大学报:哲学社会科学版,2004,208(2):62-68.
[98]支大林.中国区域金融研究[D].长春:东北师范大学地理科学院,2002.
[99]中国人民银行西安分行课题组.我国区域金融发展的差异问题[J].中国金融,2007,(21):65-66.
[100]中国人民银行郑州中心支行课题组.我国金融资源区域分布不平衡的机制分析及政策建议[J].金融理论与实践,2007,338(9):8-12.
[101]周立.中国各地区金融发展与经济增长(1978—2000)[M].清华大学出版社:2004:37-57
[102]朱建芳.区域金融发展差距:理论与实证分析[D].杭州:浙江大学经济学院,2006.
[103]诸葛秀山.金融创新与经济增长的关系研究[D].镇江:江苏大学统计学院,2007.
[104]祝发龙,龙如银.计量经济学[M].中国矿大出版社:2002:70-94
[105] Aziz, Jahangir and Duenwald Christoph:Growth-Financial Intermediation Nexus in China. IMF Working Paper, 2002, No. 194.
[106] Basant K. Kapur. Financial Deregulation and Integration in East Asia. The World Economic Review,1996,14(2): 371-396
[107] Bencivenga , Valerie R.and Smith ,Bruce D. Financial Intermediation and Endogenous Growth. Review of Economics Studies,1991.Vol.58(2):195-209
[108] Clark.Money flows like Mercury: The Geography of Global Finance. Geografisca Annaler.2005,87B(2):99-112
[109] Cesar,C . Liu Lin. The Direction of Causality Between Financial Development and Economic Growth. Journal of Development Economics, 2003(72):321-334
[110] De gregorio, Jose and Pablo E. Guidotti. Financial Development and Economic Growth. World Development,1995,23(3):433-448
[111] Demirguc-Kunt And Levine R. Stock Market Development and Financial Intermediaries: Stylized Facts. Working Paper,1996
[112] Dehejia,R.and A. Lleras-Muney. Why Does Financial development Matter? The United States from 1900 to 1940. NBER Working Paper, 2003,No.9551
[113] Diamond, Douglas W. Financial Intermediation and Delegated Monitoring . Review of Economic Studies.,1984(51): 393-414
[114] Dickey, D.A. and W.A. Fuller. Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root. Econometrica, 1981(49), 1057-1072. Dow S C .
[115] Engle, R. and Granger, C. Cointegration and Error Correction: Representation, Estimation, and Testing. Econometrics 1987(55), 251-276.
[116] Galbis,Vicente. Structuralism and Financial Liberalization. Finance and Development, 1976,13(2)
[117] Gehrig. Cities and the Geography of Financial Centers. http://www.econpapers.hhs.se/paper/cprceprdp/1894.htm.2002
[118] Genevieve Boyreau-Debray,Shang-jin we. Pitfalls of a State-Dominated Financial System: The Case of China. NBER working Paper,2005,No w11214
[119] Greenwood, Jeremy, and Boyan Jovanovic. Financial Development, Growth ,and the Distribution of Income, Journal of Political Economy,1990,98(5): 1076-1107
[120] Guiso, L., P. Sapienza and L. Zingales. Does Local Financial Development Matter? National Bureau of Economic Research, Working Paper, 2002,No. 8923,.
[121] Harrison, Paul: Sussman, Oren: Zeira, Joseph. Finance and Growth: Theory and New Evidence. US Federal Reserve Board’s Finance & Economic Discussion Series, Working Papers, 1999. NO. 99-35.
[122] Jayaratne, J. and P. E. Strahan. The Finance-Growth Nexus: Evidence from Bank Branch Deregulation[J]. Quarterly Journal of Economics, 1996(111): 639-670.
[123] Johansen S. and Juselius K. Maximum Likelihood Estimation and Inference on Cointegration withApplications to the Demand for Money. Oxford Bulletin o f Economics and Statistics, 1990(52), 169-210.
[124] Johansen Soren. Statistical Analysis of Cointegration Vectors, Journal of Economics Dynamics and Control,1988(12):231-254.
[125] King,Robert G, and Ross Levine. Finance, Enterpreneurship and Growth: Theory and Evidence. Journal of Monetary Economics.December.1993,32(3):513-542
[126] Krugman, P. Increasing Returns and Economic Geography. Journal of Political Economy,1991: 483-499
[127] Levine R. Financial Development and Economic Growth:Views and Agenda. Journal of Economic Review,1997(35)2:688-726
[128] Levine,Ross. Stock markets,Growth and Tax Policy. The journal of Finance.1991, Vol.46: 1445-1465
[129] Marco Pagano. Financial Market and Growth, European Economic Review,1993(37) 613-622.
[130] Mathieson,Donald,J. Financial Reform and Stabilization Policy in a Developing Economy. Marco Pagano. Financial Market and Growth, European Economic Review,1993(37) 613-622.
[131] Mckinnon,Ronald I. Money and Capital in Economic Development ,Washington,DC: The Bookings Institution,1973:111-127
[132] Mukherji Ananda. Structure Organization for the Future :Analyzing and Managing Change. Management Decision ,1998 ,36(4).
[133] Myrdal. Economic Theory and Underdevelopment Region. London: Gerald Duckworth,1957:100
[134] O’Brien.Global Financial Integration: the End of Geography. London:Loyal Institution of International Afairs,1992:150
[135] Roubini, Nouriel and Zavier Sala-I-Martin. Financial Development, the Trade Regime,and Economic Growth, Cambrige,Mass: National Bureau of Economic Research, NBER Working Paper NO.3876
[136]Rousseau,P.L.and Wacchtel,P. Financial Intermediation and Economic Performance: Historical Evidence from Five Industrialized Countries. Journal of Money, Credit and Banking,Vol.30,No.4:657-678
[137] Shaw, Edward S. Financial Deepening in Economic Development ,New York: Oxford University Press,1973: 45