Journal of Chaohu University ›› 2019, Vol. 21 ›› Issue (2): 33-42.doi: 10.12152/j.issn.1672-2868.2019.02.006

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Research on the Relationship between Micro-finance and Regional Economic Development——An Empirical Analysis Based on Spatial Dubin Model

This paper uses the Moran index to test whether there is spatial correlation between micro-finance and regional economic development by combining the panel data of 30 provinces in China from 2009 to 2018. Combining the Spatial Doberman Model 渊SDM冤to infer the correlation between micro-finance and regional economic development, and decomposition of its effects and objectively and accurately reflect the specific relationship between micro-finance and regional economic development. The results show that there is significant spatial dependence between micro-finance and regional economic growth. Micro-financial efficiency has a positive effect on the economic development of the region. It also promotes neighboring regions under the geographic distance matrix and improves the level of social fixed investment. It can promote the development of the local economy. The financial scale has a certain degree of restraining effect on the economic development of the region. The government financial support has a strong negative spillover effect. If spatial factors are not taken into account, the relationship between microfinance and regional economic development will be miscalculated.#br#   

  1. Economics School, Anhui University
  • Received:2019-01-12 Online:2019-03-25 Published:2019-07-10

Abstract: This paper uses the Moran index to test whether there is spatial correlation between micro-finance and regional economic development by combining the panel data of 30 provinces in China from 2009 to 2018. Combining the Spatial Doberman Model 渊SDM冤to infer the correlation between micro-finance and regional economic development, and decomposition of its effects and objectively and accurately reflect the specific relationship between micro-finance and regional economic development. The results show that there is significant spatial dependence between micro-finance and regional economic growth. Micro-financial efficiency has a positive effect on the economic development of the region. It also promotes neighboring regions under the geographic distance matrix and improves the level of social fixed investment. It can promote the development of the local economy. The financial scale has a certain degree of restraining effect on the economic development of the region. The government financial support has a strong negative spillover effect. If spatial factors are not taken into account, the relationship between microfinance and regional economic development will be miscalculated.

Key words: micro-finance, spatial agglomeration, regional economic development

CLC Number: 

  • F832