本文利用1990~2013年中国31个省份的区域金融、政府投资、基础设施建设水平等宏观数据,采用固定效应的面板数据模型,来考察区域金融发展水平、政府投资对基础设施建设水平差异的影响效果。实证结果表明,区域金融的发展对基础设施建设水平提高的影响程度最大,政府投资,城镇化率和人口在一定程度上能够促进基础设施建设的发展。文章的研究具有十分重要的现实意义。 Based on the macroeconomic data of regional finance, government investment and infrastructure construction in China’s 31 provinces from 1990 to 2013, this paper uses the fixed-effect panel data model to examine the impact of regional financial development and government investment on the level of infrastructure construction effect. The empirical results show that the development of regional finance has the greatest impact on the improvement of infrastructure construction. The government investment, urbanization rate and population can to some extent promote the development of infrastructure construction. The study of the article has very important practical significance.