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

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

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

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

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