| 摘要: |
| 摘要：评估西部大开发战略对西部地区金融发展的影响具有重要的理论与现实意义，但是鲜有文献关注这一问题并进行实证检验。本文运用1994-2012年我国278个地级市的面板数据，综合运用双重差分估计（DID）和双重差分倾向得分匹配估计（PSM-DID）方法对西部大开发对地区金融发展的影响进行了实证检验。研究结果表明西部大开发并未对西部地区的金融发展起到促进作用，机制检验的结果表明由于西部大开发实施后，西部地区政府过度重视基础设施建设和固定资产投资，挤占了大量信贷资源，同时忽略了人力资本的投入，无法有效吸引外商投资并阻碍产业结构的转型，最终无法有效促进地区金融发展。 |
| 关键词: 西部大开发；金融发展；双重差分模型；倾向得分匹配 |
| DOI： |
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| 基金项目:国家自然科学基金（71764001）及教育部人文社科青年基金（17XJC790012）资助 |
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| Has the Western Development Program promoted the financial development of western region?——Empirical Study based on PSM-DID |
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唐菁菁
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| Abstract: |
| Abstract: Evaluating the Western Development Program has important theoretical and practical significance for the financial development of western region in China, but there are few literatures paying attention to this issue with empirical analysis. This paper examines the impact of western development strategy on regional financial development and its influential mechanism by using the method of difference in difference and PSM-DID method based on a panel data of 278 prefecture-level cities in China from 1994 to 2012. The results indicate that the western development program has not promoted the financial development of western region. The mechanism tests illustrate that the local government of the western region attaches excessive importance to infrastructure construction and investment in fixed assets, crowding out credit resources after the implementation of Western Development Program. And without sufficient investment of human capital, regions of western China cannot effectively attract foreign investment to upgrade industrial structure and are incapable of deepening regional financial development. |
| Key words: Western Development; Financial Development; Difference-in-Difference; Propensity Score Matching |
