Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM

Jianyue Ji; Huiwen Guo; Weilong Wang

doi:doi:10.11648/j.ijefm.20180603.16

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Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM

Jianyue Ji, Huiwen Guo, Weilong Wang

Published in International Journal of Economics, Finance and Management Sciences (Volume 6, Issue 3)

Received: 19 June 2018 Published: 20 June 2018

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Abstract

Based on partial differential analysis of Spatial Durbin Model (SDM), this paper selects provincial panel data of 11 coastal provinces in China from 2006 to 2014 to empirically study the spatial spillover effects of financial development on regional marine economy. The results show that there are significant spatial correlations in China's marine economy, and it is manifested as spatial exclusion, that is, there is a certain “congestion effect”. At this stage, Financial Interrelations Ratio (FIR) and Venture Capital (VC) have positive direct effects and negative spatial spillover effects on the development of marine economy. Government investment, on the contrary, has a negative direct effect and a positive spatial spillover effect on it. The impact of insurance on the marine economy is not significant.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 6, Issue 3)
DOI	10.11648/j.ijefm.20180603.16
Page(s)	110-117
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Marine Economy, Financial Development, Panel SDM, Spatial Spillover Effects

References

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APA Style

Jianyue Ji, Huiwen Guo, Weilong Wang. (2018). Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM. International Journal of Economics, Finance and Management Sciences, 6(3), 110-117. https://doi.org/10.11648/j.ijefm.20180603.16

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ACS Style

Jianyue Ji; Huiwen Guo; Weilong Wang. Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM. Int. J. Econ. Finance Manag. Sci. 2018, 6(3), 110-117. doi: 10.11648/j.ijefm.20180603.16

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AMA Style

Jianyue Ji, Huiwen Guo, Weilong Wang. Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM. Int J Econ Finance Manag Sci. 2018;6(3):110-117. doi: 10.11648/j.ijefm.20180603.16

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@article{10.11648/j.ijefm.20180603.16,
  author = {Jianyue Ji and Huiwen Guo and Weilong Wang},
  title = {Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {6},
  number = {3},
  pages = {110-117},
  doi = {10.11648/j.ijefm.20180603.16},
  url = {https://doi.org/10.11648/j.ijefm.20180603.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20180603.16},
  abstract = {Based on partial differential analysis of Spatial Durbin Model (SDM), this paper selects provincial panel data of 11 coastal provinces in China from 2006 to 2014 to empirically study the spatial spillover effects of financial development on regional marine economy. The results show that there are significant spatial correlations in China's marine economy, and it is manifested as spatial exclusion, that is, there is a certain “congestion effect”. At this stage, Financial Interrelations Ratio (FIR) and Venture Capital (VC) have positive direct effects and negative spatial spillover effects on the development of marine economy. Government investment, on the contrary, has a negative direct effect and a positive spatial spillover effect on it. The impact of insurance on the marine economy is not significant.},
 year = {2018}
}

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TY  - JOUR
T1  - Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM
AU  - Jianyue Ji
AU  - Huiwen Guo
AU  - Weilong Wang
Y1  - 2018/06/20
PY  - 2018
N1  - https://doi.org/10.11648/j.ijefm.20180603.16
DO  - 10.11648/j.ijefm.20180603.16
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 110
EP  - 117
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20180603.16
AB  - Based on partial differential analysis of Spatial Durbin Model (SDM), this paper selects provincial panel data of 11 coastal provinces in China from 2006 to 2014 to empirically study the spatial spillover effects of financial development on regional marine economy. The results show that there are significant spatial correlations in China's marine economy, and it is manifested as spatial exclusion, that is, there is a certain “congestion effect”. At this stage, Financial Interrelations Ratio (FIR) and Venture Capital (VC) have positive direct effects and negative spatial spillover effects on the development of marine economy. Government investment, on the contrary, has a negative direct effect and a positive spatial spillover effect on it. The impact of insurance on the marine economy is not significant.
VL  - 6
IS  - 3
ER  -

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Author Information

Jianyue Ji

School of Economics, Ocean University of China, Qingdao, China
Huiwen Guo

School of Economics, Ocean University of China, Qingdao, China
Weilong Wang

School of Economics, Ocean University of China, Qingdao, China

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Plain Text BibTeX RIS

APA Style

Jianyue Ji, Huiwen Guo, Weilong Wang. (2018). Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM. International Journal of Economics, Finance and Management Sciences, 6(3), 110-117. https://doi.org/10.11648/j.ijefm.20180603.16

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ACS Style

Jianyue Ji; Huiwen Guo; Weilong Wang. Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM. Int. J. Econ. Finance Manag. Sci. 2018, 6(3), 110-117. doi: 10.11648/j.ijefm.20180603.16

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AMA Style

Jianyue Ji, Huiwen Guo, Weilong Wang. Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM. Int J Econ Finance Manag Sci. 2018;6(3):110-117. doi: 10.11648/j.ijefm.20180603.16

Copy | Download

@article{10.11648/j.ijefm.20180603.16,
  author = {Jianyue Ji and Huiwen Guo and Weilong Wang},
  title = {Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {6},
  number = {3},
  pages = {110-117},
  doi = {10.11648/j.ijefm.20180603.16},
  url = {https://doi.org/10.11648/j.ijefm.20180603.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20180603.16},
  abstract = {Based on partial differential analysis of Spatial Durbin Model (SDM), this paper selects provincial panel data of 11 coastal provinces in China from 2006 to 2014 to empirically study the spatial spillover effects of financial development on regional marine economy. The results show that there are significant spatial correlations in China's marine economy, and it is manifested as spatial exclusion, that is, there is a certain “congestion effect”. At this stage, Financial Interrelations Ratio (FIR) and Venture Capital (VC) have positive direct effects and negative spatial spillover effects on the development of marine economy. Government investment, on the contrary, has a negative direct effect and a positive spatial spillover effect on it. The impact of insurance on the marine economy is not significant.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - Spatial Spillover Effects of Financial Development on Regional Ocean Economy Growth of China Based on SDM
AU  - Jianyue Ji
AU  - Huiwen Guo
AU  - Weilong Wang
Y1  - 2018/06/20
PY  - 2018
N1  - https://doi.org/10.11648/j.ijefm.20180603.16
DO  - 10.11648/j.ijefm.20180603.16
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 110
EP  - 117
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20180603.16
AB  - Based on partial differential analysis of Spatial Durbin Model (SDM), this paper selects provincial panel data of 11 coastal provinces in China from 2006 to 2014 to empirically study the spatial spillover effects of financial development on regional marine economy. The results show that there are significant spatial correlations in China's marine economy, and it is manifested as spatial exclusion, that is, there is a certain “congestion effect”. At this stage, Financial Interrelations Ratio (FIR) and Venture Capital (VC) have positive direct effects and negative spatial spillover effects on the development of marine economy. Government investment, on the contrary, has a negative direct effect and a positive spatial spillover effect on it. The impact of insurance on the marine economy is not significant.
VL  - 6
IS  - 3
ER  -

Copy | Download