本文選題：資本市場 + 空間差異�。� 參考：《中國海洋大學》2012年碩士論文

【摘要】：自上交所和深交所成立以來，中國的資本市場走過了20多年不平凡的歷程，1990年12月19日，當朱昒基總理宣布上海證券交易所成立的時候，掛牌股票只有8只，市值總規(guī)模不足10億元，開市第一天的成交額只有49.4萬元。20多年來，A股市場累計融資3.7萬億元，加速了社會資源向優(yōu)質(zhì)企業(yè)集中，為國民經(jīng)濟快速發(fā)展提供了重要支撐。 區(qū)域資本市場是指以一個國家經(jīng)濟發(fā)展中自然形成的以經(jīng)濟區(qū)域為背景而形成的資本市場，本文所研究的資本市場以行政區(qū)劃為背景，以東部沿海9個省份以及五個副省級城市（計劃單列市）為地域單元，從省域與市域兩個層次測度沿海地區(qū)資本市場發(fā)展的空間差異，并分析各地區(qū)資本市場發(fā)展的動因差異。 文章以沿海地區(qū)資本市場發(fā)展的比較研究為主線，以各地區(qū)資本市場發(fā)展差異的測度與各地區(qū)資本市場發(fā)展動因分析為研究重點，本著“一線兩點”的研究思路，一是通過系統(tǒng)構(gòu)建資本市場發(fā)展的指標體系與差異測度模型，運用主成分方法與聚類方法測度資本市場發(fā)展的綜合指標差異，運用泰爾系數(shù)法與變異系數(shù)法測度資本市場發(fā)展的單指標差異，細致研究省域與市域兩個地理單元的資本市場發(fā)展的差異狀況并進行深入比較。二是引入面板數(shù)據(jù)模型，探求各地區(qū)資本市場發(fā)展與地方經(jīng)濟社會發(fā)展的內(nèi)在聯(lián)系，分析資本市場發(fā)展的動態(tài)影響因素，對各動態(tài)影響因素對各區(qū)域資本市場發(fā)展的影響差異做出解釋。 通過研究發(fā)現(xiàn)，各地區(qū)資本市場的發(fā)展存在明顯的空間差異，其中省域資本市場發(fā)展呈現(xiàn)較為明顯的梯度性差異，廣東的資本市場發(fā)展程度最高，，屬于第一梯隊；浙江、江蘇屬于第二梯隊；山東、遼寧屬于第三梯隊；福建、天津、河北、海南屬于第四梯隊；市域資本市場發(fā)展中，深圳與寧波的資本市場發(fā)展程度最高，其余三個城市的資本市場發(fā)展程度基本處于同一水平，總體差異不大。 在資本市場發(fā)展的動因分析方面，從省域資本市場發(fā)展的面板分析結(jié)果來看，固定資產(chǎn)投資額與就業(yè)人員的受教育程度對各省份資本市場發(fā)展的影響差異較大，變量居民收入的影響差異最小。從市域資本市場發(fā)展的面板分析結(jié)果來看，地區(qū)產(chǎn)業(yè)集聚力對各副省級城市資本市場發(fā)展影響差異較大，而其余變量的影響差異較小。
[Abstract]:Since the establishment of the Shanghai Stock Exchange and the Shenzhen Stock Exchange, China's capital market has gone through an extraordinary course of more than 20 years. On December 19, 1990, when Premier Zhu Yuji announced the establishment of the Shanghai Stock Exchange, there were only eight listed stocks. The total scale of market value is less than 1 billion yuan, and the turnover on the first day of the market is only 494000 yuan. In the past 20 years, the A share market has accumulated 3.7 trillion yuan in financing, which accelerates the concentration of social resources to high-quality enterprises and provides an important support for the rapid development of the national economy. Regional capital market is a capital market formed naturally in the economic development of a country. The capital market studied in this paper is based on the administrative division. Taking nine provinces and five sub-provincial cities in the eastern coastal areas as regional units, the paper measures the spatial differences of capital market development in coastal areas from two levels of provincial and municipal levels, and analyzes the differences in the drivers of capital market development in different regions. This paper takes the comparative study of the development of capital market in coastal areas as the main line, the measurement of the differences in the development of capital markets in various regions and the analysis of the reasons for the development of the capital markets in various regions as the focus of the research, and takes the thinking of "one line and two points" as the research idea. The first is to construct the index system and difference measure model of capital market development systematically, and use principal component method and cluster method to measure the comprehensive index difference of capital market development. Using the method of Tyre coefficient and coefficient of variation to measure the single index difference of the development of capital market, the paper makes a detailed study on the difference of the development of capital market between provincial and municipal geographical units and makes a deep comparison. Secondly, the panel data model is introduced to explore the internal relationship between the capital market development and the local economic and social development in various regions, and to analyze the dynamic influencing factors of the capital market development. This paper explains the difference of the influence factors on the development of capital market in different regions. Through the research, it is found that there are obvious spatial differences in the development of capital markets in various regions, in which the development of capital markets in provincial areas presents obvious gradient differences, and Guangdong has the highest degree of capital market development, which belongs to the first echelon. Jiangsu belongs to the second echelon; Shandong and Liaoning belong to the third echelon; Fujian, Tianjin, Hebei and Hainan belong to the fourth echelon; Shenzhen and Ningbo have the highest degree of capital market development in the development of the municipal capital market. The other three cities' capital market development level is basically in the same level, the overall difference is not big. In terms of the analysis of the reasons for the development of the capital market, from the panel analysis of the development of the capital market in the province, we can see that the influence of the investment in fixed assets and the education level of the employed personnel on the development of the capital market in each province is quite different. The difference of variable residents' income is the least. From the panel analysis of the development of city capital market, the influence of regional industrial agglomeration on the development of capital market of each sub-provincial city is quite different, but the influence of other variables is relatively small.
【學位授予單位】：中國海洋大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.51;F224

【參考文獻】

相關(guān)期刊論文 前5條

1 戴桂林;程曉麗;;三大沿海經(jīng)濟區(qū)經(jīng)濟差異的錫爾系數(shù)分析[J];時代金融;2011年17期

2 成思危;;深化金融改革 改善金融監(jiān)管 推動金融和經(jīng)濟協(xié)調(diào)發(fā)展[J];中國流通經(jīng)濟;2006年10期

3 李正輝;萬曉飛;;中國資本市場軟競爭力透視[J];中國國情國力;2007年11期

4 曾昭法;聶亞菲;;資本市場競爭力評價與影響因素分析[J];中國國情國力;2008年09期

5 陳剛;詹正茂;廉曉紅;;中國資本市場的區(qū)域差異研究[J];中國軟科學;2003年09期

相關(guān)博士學位論文 前2條

1 田霖;金融地理學視角下的區(qū)域金融成長差異研究[D];浙江大學;2005年

2 劉學俠;中國資本市場發(fā)展戰(zhàn)略研究[D];中共中央黨校;2000年

本文編號：1879569