[1]刘航.商品房价格上涨如何抑制金融业空间集聚?——来自中国地级及以上城市的经验证据[J].南开经济研究官网,2021,(02):5.
 Liu Hang.How Does Commercial House Price Rise Restrain the Spatial Agglomeration of Financial Industry?Empirical Evidence from Chinese Cities at Prefecture Level or Above[J].Nankai Economic Studies,2021,(02):5.
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商品房价格上涨如何抑制金融业空间集聚?——来自中国地级及以上城市的经验证据(  )
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《南开经济研究》官网[ISSN:1001-4691/CN:12-1028/F]

卷:
期数:
2021年02
页码:
5
栏目:
出版日期:
2021-04-22

文章信息/Info

Title:
How Does Commercial House Price Rise Restrain the Spatial Agglomeration of Financial Industry?Empirical Evidence from Chinese Cities at Prefecture Level or Above
作者:
刘航
刘航,西安交通大学经济与金融学院(邮编:710061),E-mail:liuhang01@xjtu.edu.cn。
Author(s):
Liu Hang
(School of Economics and Finance, Xi’an Jiaotong University,Xi’an 710061, China)
关键词:
商品房价格住宅价格金融业空间集聚
Keywords:
Commercial House Price Dwelling House Price Financial Industry Spatial Agglomeration
摘要:
本文基于中国182个城市数据,实证检验了房价上涨对金融业空间集聚的影响关系。研究发现:(1)商品房价格上涨对金融业集聚有显著的抑制作用,如果单看住宅价格上涨,其对金融业集聚的影响显著为正;(2)商品房价格对金融业集聚的抑制主要发生在商品房价格涨幅较低的地区,住宅价格对金融业集聚的促进主要发生在住宅价格涨幅较高的地区;(3)就业规模在商品房价格上涨抑制金融业集聚过程中无显著中介效应,“劳动力驱赶”机制不成立;(4)居民储蓄规模在商品房价格上涨抑制金融业集聚过程中起部分中介效应,“客户资源挤出”机制成立,而金融业建筑安装工程投资起不到任何中介效应。以上说明,房价过快上涨容易吸引社会资本参与“炒房”,挤出对线下金融业务有较高需求的中低收入家庭,进而不利于金融业空间集聚。地方政府脱离本地金融服务需求的金融招商,将可能进一步加剧金融资源配置扭曲。为使金融更好服务实体经济,首先应当遏制地方财政对房价地价上涨的依赖,为金融机构获取基础性客户资源提供便利化环境。
Abstract:
Based on the data of 182 Chinese cities, this paper empirically tests the impact of rising house price on the spatial agglomeration of financial industry. The research finds that: 1) The rise of commercial house price has a significant inhibitory effect on financial industry agglomeration; if we only look at the rise of dwelling house price, its impact on financial industry agglomeration is significantly positive; 2) The inhibitory effect of commercial house price on financial industry agglomeration mainly occurs in areas with low price increase of commercial house, and the promotion of dwelling house price on financial industry agglomeration mainly occurs in areas with high price increase of dwelling house; 3) The employment scale has no significant intermediary effect in the process of the rise of commercial house price restraining financial industry agglomeration, and the mechanism of "labor force dismissal" cannot be established; 4) The scale of residents’ savings plays partial intermediary effect in the process of commercial house price rise restraining the spatial agglomeration of financial industry, and the mechanism of "crowd-out of client resources" cannot be established; while the investment in financial industry’s construction and installation projects doesn’t play any intermediary effect. From the above, the conclusion reaches that the rapid rise of house price is easy to attract social capital to participate in "real estate speculation" and squeeze out the middle and low income families with high demand for offline financial services, unfavorable to the spatial agglomeration of the finance. Local governments’ attracting investment is away from local demand for financial services, which may further distort the allocation of financial resources. To make finance serve the real economy better, firstly control the dependence of local finance on the rise of house and land prices, then provide a convenient environment for financial institutions to obtain basic customer resources.
更新日期/Last Update: 2021-04-19