An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index Method
The report of the 19th National People’s Congress points out that China’s social economy will gradually transition from the pursuit of high-speed operation to the pursuit of high-quality economic operation. The financial industries will strongly support the economic development in all aspects, howev...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2022-01-01
|
| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2022/21/shsconf_emsd2022_01046.pdf |
| _version_ | 1797951065824428032 |
|---|---|
| author | Ma Yuqing |
| author_facet | Ma Yuqing |
| author_sort | Ma Yuqing |
| collection | DOAJ |
| description | The report of the 19th National People’s Congress points out that China’s social economy will gradually transition from the pursuit of high-speed operation to the pursuit of high-quality economic operation. The financial industries will strongly support the economic development in all aspects, however, studies show that the efficiency of finance in supporting economic development presents regional differences. This paper adopts the universally applicable DEA-Malmquist method and takes the panel data of Henan Province from 2013 to 2019 as the benchmark to calculate and study the input-output ratio of financial support for economic operation and development in each region of Henan Province, and the results show that the overall efficiency of financial service economy in each urban area of Henan Province has increased in the past seven years. According to the measured results in the first four parts of the most efficiency increase is analyzed, and based on the analysis results in the economic development of Henan province put forward some proposals in the new journey, increase the intensity of financial innovation and development, to carry out in-depth financial inclusion work, and to solve the problem that small and micro enterprises faced in raising funds and the slow pace of raising funds, in order to achieve a reasonable distribution of financial resources between the suppliers of funds and the demanders of funds. |
| first_indexed | 2024-04-10T22:24:51Z |
| format | Article |
| id | doaj.art-14e923c8c29b40ef8ccb95e943beb26b |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-10T22:24:51Z |
| publishDate | 2022-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-14e923c8c29b40ef8ccb95e943beb26b2023-01-17T09:16:14ZengEDP SciencesSHS Web of Conferences2261-24242022-01-011510104610.1051/shsconf/202215101046shsconf_emsd2022_01046An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index MethodMa Yuqing0School of Economics and Business Administration, Chongqing UniversityThe report of the 19th National People’s Congress points out that China’s social economy will gradually transition from the pursuit of high-speed operation to the pursuit of high-quality economic operation. The financial industries will strongly support the economic development in all aspects, however, studies show that the efficiency of finance in supporting economic development presents regional differences. This paper adopts the universally applicable DEA-Malmquist method and takes the panel data of Henan Province from 2013 to 2019 as the benchmark to calculate and study the input-output ratio of financial support for economic operation and development in each region of Henan Province, and the results show that the overall efficiency of financial service economy in each urban area of Henan Province has increased in the past seven years. According to the measured results in the first four parts of the most efficiency increase is analyzed, and based on the analysis results in the economic development of Henan province put forward some proposals in the new journey, increase the intensity of financial innovation and development, to carry out in-depth financial inclusion work, and to solve the problem that small and micro enterprises faced in raising funds and the slow pace of raising funds, in order to achieve a reasonable distribution of financial resources between the suppliers of funds and the demanders of funds.https://www.shs-conferences.org/articles/shsconf/pdf/2022/21/shsconf_emsd2022_01046.pdffinancial supporteconomic developmentmalmquist indexefficiency |
| spellingShingle | Ma Yuqing An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index Method SHS Web of Conferences financial support economic development malmquist index efficiency |
| title | An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index Method |
| title_full | An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index Method |
| title_fullStr | An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index Method |
| title_full_unstemmed | An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index Method |
| title_short | An Empirical Study on the Efficiency of Financial Support for Economic Development in Henan Province Based on DEA Malmquist Index Method |
| title_sort | empirical study on the efficiency of financial support for economic development in henan province based on dea malmquist index method |
| topic | financial support economic development malmquist index efficiency |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2022/21/shsconf_emsd2022_01046.pdf |
| work_keys_str_mv | AT mayuqing anempiricalstudyontheefficiencyoffinancialsupportforeconomicdevelopmentinhenanprovincebasedondeamalmquistindexmethod AT mayuqing empiricalstudyontheefficiencyoffinancialsupportforeconomicdevelopmentinhenanprovincebasedondeamalmquistindexmethod |