An Analysis of Regional Differences and Dynamic Evolution of Efficiency in Finance Serving Real Economy
This paper uses the ultra-efficiency SBM model and Malmquist index with unexpected output to measure and analyze the regional differences and dynamic evolution in the efficiency of finance serving real economy in 28 provinces and autonomous regions(except Xinjiang,Tibet and Hainan)from 2013 to 2021.The results show that the overall efficiency of the real economy is improving,which is mainly affected by the change of the technical effi-ciency in various provinces and cities.There is not yet stable efficiency mechanism for improving finance seiving re-al economy and there appear significant development differences between economic regions and the regional distri-bution.In the stage of high-quality economic development,all provinces,autonomous regions and municipalities in China should accelerate the improvement of the capacity and efficiency of the finance serving the real economy,en-hance the long-term growth mechanism of the financial services in the real economy,and unblock the channels of financial resources to the real economy.
financereal economyultra-efficiency SBM modelMalmquist index