摘要
本文构建我国31个省份1999-2016年的面板数据集,基于流动性约束理论构建理论分析框架,运用空间Durbin模型和门槛模型探索金融集聚对于城镇居民消费的空间溢出效应和门槛特征。研究发现:(1)金融集聚能够显著影响城镇居民消费水平,金融集聚与城镇居民消费水平之间为"U"型曲线关系,且存在明显的空间溢出效应;(2)金融集聚对于城镇居民消费水平的提高具有显著的门槛效应,其随着金融发展程度的不同呈现不同的边际收益;(3)从消费结构来看,金融集聚对于生存型消费、发展型消费和享受型消费分别存在不同的影响。
In this paper,the panel data of 31 provinces in China from 1999 to 2016 were constructed.Based on the liquidity constraint theory,the spatial spillover effect and threshold characteristics of financial agglomeration on urban residents’consumption were explored by using the spatial Durbin model and threshold model.The research findings are as follows:Firstly,financial agglomeration can significantly affect the consumption level of urban residents.The relationship between financial agglomeration and the consumption level of urban residents is a u-shaped curve with obvious spatial spillover effect.Secondly,financial agglomeration has a significant threshold effect on the improvement of urban residents’consumption level,and its marginal benefits vary with the degree of financial development.Thirdly,from the perspective of consumption structure,financial agglomeration has different influences on survival consumption,development consumption and enjoyment consumption.
作者
谭燕芝
彭千芮
TAN Yan-zhi;PENG Qian-rui(Business School,Xiangtan University 411105)
出处
《上海经济研究》
CSSCI
北大核心
2019年第2期85-98,共14页
Shanghai Journal of Economics
基金
国家社科基金重点项目"村支两委在金融脱贫中的作用机制研究"(批准号:18AJL005)
湖南省研究生科研创新项目"农户消费异质性与经济增长动力研究"(批准号:CX2018B314)的资助
关键词
金融集聚
城镇居民消费
空间溢出效应
门槛特征
流动性约束
Financial Agglomeration
Consumption of Urban Residents
Spatial Spillover Effect
Threshold Characteristics
Liquidity Constraint Theory
