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本文借助相对效率的概念,利用中国各省份27个工业行业2005—2007年的有关数据,通过建立包含生产率与金融发展、金融生态环境等变量交互项的计量模型,对金融生态作用于实体经济增长的机制与路径进行了实证研究。结果表明,中国各省份金融发展的资金配置功能较为低效,但全要素生产率相对较高的行业在金融生态环境较好的地区增长速度更快,同时金融生态环境与金融发展之间交互效应明显有利于金融资源配置功能的发挥。本文的结论表明,改善制约金融业生存和健康发展的金融生态环境对于顺利实现经济转型是至关重要的。
Based on the relative efficiency concept and the relevant data of 27 industrial sectors in various provinces of China from 2005 to 2007, this essay uses the econometric model of variables such as productivity and financial development, financial eco-environment and other variables to study the role of financial ecology in the growth of real economy The mechanism and path of the empirical study. The results show that the financial allocation in each province in China is less efficient, but the industries with relatively high total factor productivity grow faster in regions with better financial eco-environment, while the interactive effects between the financial eco-environment and financial development are obvious It is conducive to the function of financial resources allocation. The conclusion of this paper shows that improving the financial ecological environment that restricts the survival and healthy development of the financial industry is of crucial importance for the smooth realization of economic restructuring.