金融集聚与城市层级:基于城市信贷的研究
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| Title | Financial Agglomeration and Hierarchical Urban Systems: A Study Based on Loan Balances of Cities
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| 作者 | 梁琦 王如玉 王志高 陈建隆 |
| Author | Liang Qi,Wang Ruyu,Wang Zhigao and Chen Jianlong |
| 作者单位 | 中山大学管理学院 |
| Organization | Sun Yat-sen Business School |
| 作者Email | liangqi9@mail.sysu.edu.cn |
| 中文关键词 | 金融空间结构 城市层级体系 要素错配效应 |
| Key Words | Financial spatial structures; hierarchical urban systems; factor misallocation effects |
| 内容提要 | 金融空间结构的层级分布是现代经济的显著特征。根据我国城市信贷余额和城市常住人口人数，利用核密度估计与回归计量模型，本文发现我国金融空间结构与城市层级体系相匹配，且金融层级分布更为集中；城市的历史资本禀赋、利润预期、技术效率以及城市人口规模等优势增加了中心城市金融资本的集中趋势，而要素错配效应则降低了这一影响。城市层级体系优化是金融空间结构优化的必要条件。 |
| Abstract | Financial industries typically exhibit hierarchical spatial structures in modern economies. Based on the data of loan balances of cities and the number of permanent urban residents in China, using the core density estimation and regression analysis, we find that the hierarchical urban and financial structures essentially match each other, although the latter exhibits a higher degree of concentration. Moreover, a city’s capital endowment, profit prospect, technological efficiency, and population size encourage the concentration of financial capital, whereas the effects are countervailed by the misallocation between workers and enterprises. The optimization of urban hierarchical systems is the necessary condition for the optimization of financial spatial structures. |
| 文章编号 | WP1222 |
| 登载时间 | 2017-09-12 |
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