本文以八大国家中心城市为研究对象,基于区位熵和Malmquist指数测算其金融集聚和经济效率,运用系统GMM和面板回归实证检验其金融集聚与经济效率关系。结果表明:整体上金融集聚对全要素生产率、纯技术效率、规模效率和技术进步均有显著促进效应;各城市金融集聚均对规模效率有显著促进效应,对全要素生产率及其他分解指数的影响存在显著差异。得出以市场化为改革核心、加强金融供给侧改革、"脱虚向实"、推进创新驱动和扩大金融开放等建议。
Based on the regional entropy and Malmquist index,the paper calculates financial agglomeration level and economic efficiency of the eight Chinese national central cities.Then it uses SYS-GMM and panel regression model to make an empirical study on the relationship between them.Results show:as a whole,financial agglomeration has a significant effect on total factor productivity,pure technical efficiency,scale efficiency and technological progress;each city's FAI all has remarkable effect on scale efficiency and notable differences in total factor productivity and other decomposition index.The conclusion is that the market should be the core of the finance reform,strengthen financial supply side,service entity economy,push innovation driven and expand the financial opening.