摘要
运用1997—2017年省级面板数据,探讨交通基础设施对区域金融发展的影响。完善交通基础设施的作用表现在旅行时间节约效应与货运成本降低效应两方面,通过Han-Philips动态空间计量模型进行实证检验,认为两者对金融发展规模与效率均存在积极显著的作用,而前者的影响程度高于后者。基于中介效应模型,发现交通对区域金融发展存在四种影响机制:基于旅行时间节约产生的学习共享机制与人力资源匹配机制,基于货运成本降低的市场潜能扩张与产业集聚机制。上述四种机制对金融规模与金融效率的影响在不同空间条件下存在差异:对金融规模而言,学习共享机制与人力资源匹配机制在位置相邻或经济距离相近地区更为显著,地理距离相邻的作用更多体现在市场潜能扩张与产业集聚机制上;对于金融发展效率而言,四种机制在地理邻近地区的作用均更为显著。
By using the provincial panel data from 1997 to 2017,this paper explores the impact of transportation infrastructure on regional financial developments.The function of improving transportation infrastructure is reflected in two aspects,i.e.,the travel time saving effect and the freight cost reducing effect.The result of an empirical test with Han-Philips dynamic spatial econometric model suggests that both of them have a positive and significant effect on the travel time saving effect and freight cost reduction effect,and the impact of the former is stronger than that of the latter.Based on the mediating effect model,it is believed that there exist four impact mechanisms in regional finance development,i.e.,the learning and sharing mechanism and the human resource matching mechanism that are based on travel time saving,and the market potential expansion and industrial agglomeration mechanism that are based on the reduction of freight costs.The impact of the above four mechanisms on financial scale and financial efficiency differs under different spatial conditions:as for financial scale,the learning and sharing mechanism and the human resource matching mechanism are more significant in regions with adjacent locations or short economic distances,while the effect of adjacent geographical distance is more reflected in the market potential expansion and industrial agglomeration mechanism;as for financial development efficiency,the four mechanisms all have more prominent effect in geographically adjacent areas.
作者
王梓利
林晓言
WANG Zi-li;LIN Xiao-yan(Beijing Jiaotong University,Beijing 100044,China)
出处
《江西财经大学学报》
CSSCI
北大核心
2021年第1期43-54,共12页
Journal of Jiangxi University of Finance and Economics
基金
国家社会科学基金重大项目“中国高铁经济理论解析框架及演化路径研究”(17ZDA084)
关键词
交通基础设施
金融发展
动态空间计量
中介效应
新经济地理学
transportation infrastructure
financial development
dynamic spatial econometrics
mediating effect
new economic geography
