福建自贸区金融业效率实证研究-《集美大学学报》（哲社版）

文章信息/Info

Title:: An Empirical Study of the Efficiency of Financial Industry in Fujian Pilot Free Trade Zone

Author(s):: YAN Shan-shan1; ZHUANG Yun1; 2; (1. College of Finance and Economics, Jimei University, Xiamen 361021, China; 2. Research Centre for Regional Economy, Jimei University, Xiamen 361021, China)

Keywords:: Fujian pilot free trade zone; financial industry efficiency; total factor productivity

摘要:: 为大力推进福建自贸区的建设发展，提升金融业效率，基于DEA—Malmquist模型分析了厦门和福州片区的金融业发展模式，并进一步以厦门片区为例，运用Tobit模型进行影响因素分析，结果表明：厦门和福州片区金融业效率处于DEA无效状态，其中，厦门表现为规模无效，而福州呈现技术和规模均无效；金融业全要素生产率在2004—2013年间均呈现上升趋势。从分解看，技术进步是全要素生产率上升的主要贡献；外商直接投资、金融集聚和人力资本对全要素生产率的提升有显著的促进作用，而政府干预则抑制了全要素生产率的增长。最后，提出提升福建省自贸区金融业效率的对策建议。

Abstract:: In order to promote the development of the Fujian pilot free trade zone and improve the efficiency of financial industry, this paper analyzes the development patterns of financial industry in Xiamen and Fuzhou free trade area based on DEA-Malmquist model and uses Tobit model to analyze the factors for financial innovation in Xiamen free trade area. The results show: the efficiency of financial industry in Xiamen and Fuzhou were essentially invalid, with Xiamen’s scale invalid while Fuzhou’s technology and scale both invalid; the total factor productivity (TFP) of financial industry had a rising trend from the year 2004 to 2013, and further decomposition of TFP shows that the growth mainly stemmed from technological progress; the foreign direct investment, financial aggregation and human capital all had a significant impact on raising the total factor productivity, while government intervention hindered its growth. Finally, this paper puts forward the suggestions to enhance the financial industry efficiency of Fujian pilot free trade zone.