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典型文献
The Impact of the Pilot Free Trade Zone on Regional Financial Development
文献摘要:
This paper focuses on the Shanghai pilot free trade zone(FTZ).It investigates the effect of the FTZ policy on regional financial development.The synthetic control method employs quarterly data from 2005 to 2019 at the provincial level to investigate counterfactual states before and after the pilot FTZ was set up.First,our results reveal that the Shanghai pilot FTZ had a positive influence on the following four variables proxied for regional financial development:(ⅰ)the scale of regional financial development;(ⅱ)the efficiency of indirect financial development;(ⅲ)the efficiency of direct financial development;(ⅳ)the structure of financial development.Second,our results found that the policy effects that began to emerge from 2014 onwards exhibited a steadily increasing trend.As a result,the four proxy variables have increased by(ⅰ)197 percent,(ⅱ)202 percent,(ⅲ)9.4 percent,and(ⅳ)15.2 percent,respectively.That is,the scale of regional financial development and the efficiency of indirect financial development have increased more than the other proxy variables.
文献关键词:
作者姓名:
Lihui Wang;Zhihong Liu;Huailong Shi
作者机构:
School of Management Science and Engineering Institute of Free Trade Zone,Nanjing University of Information Science and Technology,China;School of Public Finance and Taxation,Nanjing University of Finance and Economics,China;School of Management Science and Engineering,Nanjing University of Information Science and Technology,China
引用格式:
[1]Lihui Wang;Zhihong Liu;Huailong Shi-.The Impact of the Pilot Free Trade Zone on Regional Financial Development)[J].中国与世界经济(英文版),2022(05):154-184
A类:
proxied
B类:
Impact,Pilot,Free,Trade,Zone,Regional,Financial,Development,This,paper,focuses,Shanghai,pilot,free,trade,zone,FTZ,It,investigates,policy,regional,financial,development,synthetic,control,method,employs,quarterly,data,from,provincial,level,counterfactual,states,before,after,was,set,up,First,results,reveal,that,had,positive,influence,following,four,variables,scale,efficiency,indirect,structure,Second,found,effects,began,emerge,onwards,exhibited,steadily,increasing,trend,proxy,have,increased,by,percent,respectively,That,more,than,other
AB值:
0.517495
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