宁镇扬区域金融发展与经济增长实证分析

南京航空航天大学硕士学位论文宁镇扬区域金融发展与经济增长实证分析姓名：赵勇申请学位级别：硕士专业：区域经济指导教师：段进东20090301iiiABSTRACTSincethereformandopeningpolicy,JiangsuProvincehasmadeagreatachievementinthedevelopmentofeconomy,muchhigherthantheaveragelevelofnationaleconomy,andbecomeaneconomicbigprovince.Hower,thereisanimbalanceofeconomicdevelopmentindifferentareasinJiangsuProvice,apparentlydifferencebetweensouthandnortharea.Withtheimbalanceoftheeconomicdevelopment,thereisalsodifferenceinfinancialdevelopinglevelinJiangsuProvince.Inaword,Jiangsueconomicgrowthandfinancialdevelopmentpresentstheapparentgradientdifferenceindifferentarea.RegionalEconomyCoordinatedDevelopmentisobjectivedemandforhealthyeconomicdevelopment.Onthisbackground,Nanjing-Zhenjiang-YangzhouEconomicZone(NZYEZforshort)isputforwardinThe11thJiangsuPartyRepresentativeAssemblyfirstly.ItisagreatsignificanceforthepromotingtheJiangsueconomicpowerandnarrowingthegaptoquickentheeconomicdevelopmentoftheNZYEZ.Thepracticeandtheoryshowsthatfinancialresourceshavebeenbecometheimportantfactorandplayacoreroleineconomicdevelopment.Thequantityofthefinancialresourceandefficiencyofallocationcangreatlyinfluencedtheregionaleconomicdevelopment.Thepastpraticeshowedthatthereisdifferentrelationbetweenthefinancialdevelopmentandeconomicgrowthindifferentregion.So,theresearchpurposeofthisdissertationistoexplorethespecificrelationbetweenthem.BytakingthefinancialdevelopmentandeconomicgrowthofNZYEZasresearchobject,andbasedonfinancialdevelopmenttheory,economicdevelopmenttheoryandFinancialGeography,thepapermadeaempiricalanaylisisontherelationoffinancialdevelopmentandeconomicgrowthbyselectingsomeeconomicindexsuchasFIRect.Consequently,thepapermadeaconclusionthatfinancialdevelopmentandeconomicgrowthareakindofrelationofinteractingcauseandeffectandofmutual-pushingforward.Inaddition,meetingtotheconceptofsomerevelanttheory.Directingtotheproblemoflowfinancialmarketefficiencyandunreasonablefinancialstructure,thispaperputforwardsomepolicyandadvicesuchasdevelopingnon-bankingfinancialinstitutions,improvingthefinancialmarketsystemandoperatingInvestmentandFinancingSystemReform.KeyWords:Nanjing-Zhenjiang-YangzhouEconomicZonefinancialdevelopmenteconomicgrowthfinancialinterrelationratiov3.12006.............................................................................233.22006.....................................................243.12001-2007GDP......................................................263.32006.........................................................................273.42006.................................................................283.52006.....................................................................294.1ADF.................................................................................................354.2LnRGDPFIRLnLOANJohansen..................................364.3LnFIFIRLnLOANJohansen.........................................374.4......................................38,11.11234200620064895.4623%45%732%2217.525.37%45%29.63%30.1117.2%58.%724.8.21%395.7313.95%78.9%7.15%21.21.20Schumpeter,1911[1]Patric,1969[2];demand-following(supply-loading)(Goldsmith,1969)[3]351031860-1963819693(R.I.Mckinnon)[4](E.S.Shaw)[5]1973,,,,,,(Basant.Kapur,1976)[6](Galbis,1977)[7],,2090KingLevine[8]8019601989Zervos[9]HusseniandDemetriades(1996)[10]161960-19904Rousseau(1998)[11]51870-1929,5BeckandLevine(1999)[12],NormanLoayzaandRomainRanciere(2002)[13],2.11992[14]1978-1991(1999)[15],,(2000)[16](2001)[17]:[17],,,,(2004)[18]2005[19](2006)[20],,521995[21](1995)[22],,,,,(2000)[23](2002)[24](2003)[25]2003[26](2004)[27],,2004[28]19882002,VAR,:,;,(2005)[29]1990-2002,6GDP,2006[30]2007200620071.31.2.3.1.471.51.2.82.12.1.1..2.1.2(Solow)[31](Swan):,,-91.:(1),,,),,,(2),,,()2.--Y=C+I,:knksfk)()(δ+−=•1•knk-)(ksf(n+δ)k•k=0knksf)()(δ+=1--,-n,n,n-,-3.--,A),(ALKFY=AgAA=•10A,,:kgnsyk)(δ++−=•,gggky==,-:2.1.32080(Romer.P.M)[32](Lucas)[33](K.Arrow)[34]1.AK,,Y=AKAKKY=AKY=AK11R&DR&DR&D2.19882.22.2.1Goldsmith(1969)(),19,192012,,,Fohlin[42]90(Bencivenga,Smith1991)[36]:(1),,(Diamond1984)[35](2),(3),Stiglitz(1995)[37],Boot.Thakor(1997)[38]Rajan,Zingales(1998)[39](Jensen,Murphy1990)[52]:(1)(2)(3):,,13,,1969Goldsmith,351860-196335Goldsmith,Goldsmith,,1920,Goldsmith:(1)35(2)(3)(4)(5)2.2.2Mckinnon(1973)—Shaw(1955)Mckinnon,,Shaw,,,(:)7070,8014GurleyShaw(1955)[40],Tobin(1965)[41],Mckinnon(1973):2.2.3(Bencivenga,Smith,Starr1995)[53](1):,(2):,,,(3):(4):,,(5):,(Greenwood.Smith1997)MertonBodie(1995)[43],:509080,:,Levine(1997)152.32.3.1O’Brien(1992)[44](O’Brien1992)Ohmae(1990)[45]Kobrin(1997)[46]Castells(1989)[47](Spaceofnow)O’Brien(1992)PorteouS(1995)[48]()Zhao(2002);()(codifiedknowledge)(tacitknowledge)16Beery(1997)[49](Spatialproximity)(Functionalexternalities)Martin(1994)[50](spaceofflows)(spaceofplaces)(location)(place)(place)(space)Pred(1984)[51]Thrift(1994)[52](Socialnetwork)2.3.1Porteous(1995)():1.2.()17Poteous;Gehrig(1998)[53]zhaoSmith&sit(informationhinterland);Portcous2.3183.140%3.23.2.11.200725560.114.8%1726.14.0%14285.815.5%13000.116.6%9548.215.9%33689443012270.621.