摘要
基于市场交易中资金与货物流向相反的逻辑,以地区货物和服务净流出减去其净出口的相反数来测算中国省际资本流动的规模,并分析其制度成因。结果表明:1980—2008年东部为资本净流入地区,中部为资本净流出地区,而西部则为持续的资本净流出地区;在东部地区内,京津冀为资本净流入地区,长三角和珠三角为资本净流出地区。资本跨地区流动的制度成因在于地方政府行为生成的内生交易费用差异,因而地区产业投资环境建设的重点在于持续降低当地的内生交易费用。在推进区域产业转移和产业升级过程中,可置信的保护产权的承诺等良好的公共治理对于改善地区投资环境必不可少。
Based on the logic of the reverse flow direction between product and capital,this paper uses the opposite number of the provincial product net flows to measure the scale of the capital mobility,and then analyses its institutional causes.Empirical evidence shows that the net inflow of capital happens in the eastern economic zones,while net capital outflows both in the central and the western part of China,among which the latter,capital erosion has become the invariable landscape.Further evidence shows that within the eastern zones,the ＂big two＂—Yangtze and Pearl Rive Delta Regions present net capital outflows,while another northern coastal competitor,the BJH Region,has become the capital senke.The implications of the results can be explained by the widely different endogenous transaction costs determined by different government behaviors in the regions.The author suggests that capital availability can be augmented by the persistent reduction in endogenous transaction cost.In the process of promoting interregional industrial transfer and regional industrial upgrading,in order to optimize district investment climate,good public governance such as creditable commitments on property rights protection is indispensable.
出处
《经济地理》
CSSCI
北大核心
2011年第1期90-96,共7页
Economic Geography
基金
国家社会科学基金项目(编号:08BYJ144)
湖北省教育厅科研基金项目(编号:Q20091904)
湖北经济学院科研基金项目(编号:XJ08BS03&XJ2009006)联合资助
关键词
资本流动
经济区域
内生交易费用
capital mobility
economical geographic regions
endogenous transaction cost
