银行业市场结构与产业增长:基于资源再配置与技术进步效应的探析

发布时间：2018-08-09 20:18

【摘要】：本文运用2003-2007年39个行业196220家工业企业数据,以中间投入为不可观测生产率冲击的代理变量,通过生产函数估计和产出增长分解,并引入多马权重估算产业增长的资源再配置效应及技术进步效应,以此为基础分析银行业市场结构与产业增长的关联。结果表明,研究期间中国银行业集中度影响产业增长的主要路径为资源再配置而非技术进步;银行业集中度的下降有利于产业增长中资源再配置效应的发挥;银行业竞争度与产业增长的资源再配置效应之间呈现出"U"型的非线性关系;信息透明度的提高可促进产业资源再配置与技术进步;产业政策能够激励重点鼓励行业开展技术创新。因而,要发挥银行业市场结构优化对产业增长的促进作用,应培育多元化金融产业主体,畅通银行业金融机构的市场准入,促进银行业良性竞争;创新降低信息不透明度的信息生成与沟通机制,着力提高产业信息透明度;密切银行业结构优化政策与产业政策、财政政策的配合,优化营商环境,激发企业优化资源配置以及追求技术进步的内在动力。
[Abstract]:Based on the data of 196220 industrial enterprises in 39 industries from 2003 to 2007, the intermediate input is used as a proxy variable for the impact of unobservable productivity, and the production function is estimated and output growth is decomposed. The resource reconfiguration effect and technological progress effect of industrial growth are estimated by introducing multi-horse weight to analyze the relationship between banking market structure and industrial growth. The results show that the main path of China's banking concentration influencing industrial growth during the study period is resource reallocation rather than technological progress, and the decrease of banking concentration is conducive to the exertion of resource redistribution effect in industrial growth. There is a "U" nonlinear relationship between the competition degree of the banking industry and the resource reallocation effect of industrial growth, and the improvement of information transparency can promote the industrial resource reallocation and technological progress. The industrial policy can stimulate the key to encourage the industry to carry out technological innovation. Therefore, in order to play the role of promoting industrial growth by optimizing the market structure of banking industry, we should cultivate diversified financial industry main body, unblock market access of banking financial institutions, and promote benign competition in banking industry. To innovate information generation and communication mechanisms that reduce information opacity, to focus on improving industrial information transparency, to closely coordinate banking structure optimization policies with industrial policies and fiscal policies, and to optimize the business environment, Stimulate enterprises to optimize the allocation of resources and the pursuit of technological progress of the inherent power.
【作者单位】：中南财经政法大学金融学院;宁波银行总行风险管理部;
【基金】：国家社会科学基金“治理银行业过度集中对产业结构升级的影响及作用路径研究”(14AJY026);“货币政策、资本结构与促进产业向中高端升级研究”(15BJY161)
【分类号】：F425;F832

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