The Research On Measurement And Regional Difference Of Financial Eco-efficiency In China

In recent years, dramatic increase in financial competition, risk and crisis, this seriously affected the economic development, political and social stability. In face of strong impact of the financial crisis, our country should stabilize the economy development, at the same time, coordination and effectiveness of the operation of the financial system should be more prominent position to utmost to promote efficient operation of the financial system. Therefore, in order to allocate financial resources rationally, to ensure coordinated and efficient operation and protect the safety of the country's economic system, further study of financial ecological issues has profound theoretical and practical significance.On the basis of related theories and the panel data of 31 province in China from 2008 to 2014, this paper uses Bootstrap-DEA model and fixed effect model to analyze regional differences of operating efficiency and its influencing factors in financial ecosystem. The research shows that traditional DEA model overestimated the value of efficiency caused by biased results, and there is a significant difference between the results of correction, while Bootstrap-DEA method can make interval estimation and estimates the changes in efficiency more sanely. Specifically, the study period segment within national financial ecosystem gets a good improvement, more gentle change in each period, but the country is still not high, in addition to some provinces in the eastern has high efficiency, the more provinces efficiency levels are relatively low, while the large gap between the provinces and territories, efficiency of regional distribution showing the eastern, central, western, north-eastern areas regular gradient decreasing trend, the efficiency values of the respective regions between difference years are also significant differences. Social welfare, the degree of government intervention, education support, the scale of financial employment, the level of financial development and so on can explain the financial ecosystem efficiency of regional differences; the effects of each factor in different regions are not same completely.