Dissertation > Economic > Fiscal, monetary > Finance, banking > China's financial,banking

Regional Financial Disparity and spatial econometric analysis

Author TangGuoXin
Tutor XuXiaoYin
School Fudan University
Course Western Economics
Keywords Regional financial Allometric Zipf law Spatial correlation Spatial Econometrics
CLC F832
Type Master's thesis
Year 2011
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This study includes two aspects, one is investigated differences in China's regional financial characteristics of the spatial distribution, and how these characteristics are reflected in the regularity; two is to investigate the interaction between regional financial sector, through the analysis of spatial econometric methods in different regions What factors affect the pass between the neighboring areas of the financial industry, and how these factors play a spillover effect size. From the logical structure point of view, the first aspect of the content is to describe the differences in regional financial facts demonstrate China's regional financial imbalances development process has the macroscopic laws. The second aspect of investigation in this area on the basis of mutual influence between the development of micro-finance industry factors and interactive mechanism, which confirms our regional financial exhibit at the macro level evolution regularity. To regional differences in the spatial distribution of financial investigation launched by three angles. First, in real space, using the Moran-I index and the local Moran-I index analysis of China's regional financial sector has the spatial dependence. The results show that China's regional financial distribution has positive correlation with the global space. If from the Moran-I index time series chart, China's regional financial sector spatial correlation between 2002-2004 had experienced a rapid increase in the process, is currently in the level of around 0.4, and showed a slow upward trend. Means of large-scale regional financial distribution pattern basically mature. Secondly, the reign of order - scale space, national regional finance the rank - size distribution does not meet the Zipf law. Its Pareto coefficient is less than 1, but is on the rise with the trend towards a close. Means that China's regional financial system so that the evolution of the distribution in terms of scale space is constantly maturing. Finally, in the time domain, the development of China's regional financial system also has regularity. 1997-2009 years, the country's four major economic sector Financial sector output in line Allometric law. While the financial sector output growth plates are not the same, but its growth rate but there is between a fixed proportional relationship. If we assume that the memory in a nationwide financial industry benchmark growth rate, the growth rate of the region's financial sector and the reference rate to determine the presence of multiple relationship. Regional differences in the macro-finance law embodies the entire region as a complex system, financial system stability and evolution of existing regularity. This means that its internal microscopic interactions between factors bound to have a dynamic process of mutual restraint. In this paper, through spatial econometric model to further investigate different provinces (city) the interaction between the financial sector. It was found that in our regional economy and regional financial activities, there is 300 km radius of the economic space adjacent areas. Various factors at different spatial scales are not the same effect. But no matter how the spatial extent of a variety of factors are present relationship of mutual restraint, and thus the formation of regional financial spreading and gathering two trends homeostasis. Reflects the regional financial system, self-adjusting capabilities.

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