本文關(guān)鍵詞：我國(guó)地區(qū)間資本流動(dòng)能力的實(shí)證研究　出處：《山東大學(xué)》2011年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 儲(chǔ)蓄 投資 資本流動(dòng)

【摘要】：改革開放以來,伴隨著我國(guó)經(jīng)濟(jì)體制的改革,我國(guó)經(jīng)濟(jì)有了高速的增長(zhǎng),人民的收入水平不斷提高,隨著經(jīng)濟(jì)的發(fā)展,我國(guó)經(jīng)濟(jì)中存在的問題也逐漸顯現(xiàn)出來,有學(xué)者認(rèn)為,資本的地區(qū)性市場(chǎng)分割是中國(guó)金融體系的一個(gè)致命缺陷,這在很大程度上降低了我國(guó)資本的使用效率,限制了我國(guó)經(jīng)濟(jì)的發(fā)展�；诖藛栴}的提出,本文擬就我國(guó)地區(qū)間的資本流動(dòng)能力進(jìn)行實(shí)證研究。 通過對(duì)前人的研究進(jìn)行文獻(xiàn)綜述發(fā)現(xiàn),進(jìn)行資本在國(guó)際資本市場(chǎng)的流動(dòng)性研究時(shí),普遍使用的方法為儲(chǔ)蓄-投資檢驗(yàn)法,即F-H方法,同時(shí),該方法被廣泛應(yīng)用于檢驗(yàn)資本在一個(gè)國(guó)家內(nèi)部的流動(dòng)程度。此外,儲(chǔ)蓄保留系數(shù)還會(huì)受到經(jīng)濟(jì)增長(zhǎng)率、經(jīng)濟(jì)規(guī)模、開放度、人口年齡構(gòu)成等因素的影響。 本文采用儲(chǔ)蓄-投資檢驗(yàn)法,首先對(duì)全國(guó)范圍內(nèi)我國(guó)儲(chǔ)蓄保留系數(shù)的時(shí)間趨勢(shì)進(jìn)行檢驗(yàn),發(fā)現(xiàn)改革開放以來,我國(guó)地區(qū)內(nèi)部資本的流動(dòng)程度有一個(gè)明顯的先減小后增大的趨勢(shì),這與我國(guó)的經(jīng)濟(jì)體制轉(zhuǎn)型以及制度變遷具有很大的關(guān)系。 其次,本文就我國(guó)東、中、西三個(gè)地區(qū)間的資本流動(dòng)程度以及資本流動(dòng)規(guī)模進(jìn)行分析,實(shí)證結(jié)果表明我國(guó)中部地區(qū)的資本流動(dòng)程度最弱,東部和西部地區(qū)的資本流動(dòng)程度最強(qiáng)并且基本持平,西部地區(qū)的資本為大規(guī)模流出狀態(tài),而東部地區(qū)呈現(xiàn)資本大規(guī)模流入的狀態(tài),這主要是因?yàn)槲覈?guó)東部地區(qū)具有較高的經(jīng)濟(jì)發(fā)展水平,我國(guó)東部沿海地區(qū)具有較好的地理優(yōu)勢(shì),擁有更多的較高投資收益率的項(xiàng)目和企業(yè),吸引了資本的大規(guī)模流入。 最后,文章利用面板門限模型檢驗(yàn)了我國(guó)地區(qū)間資本的流動(dòng)程度,與國(guó)內(nèi)已有的研究相比,在采用了經(jīng)濟(jì)增長(zhǎng)率、開放度、經(jīng)濟(jì)規(guī)模做門限變量的基礎(chǔ)上,又增加了市場(chǎng)化程度和金融發(fā)展程度這兩個(gè)門限變量,分別研究他們對(duì)FH系數(shù)的影響。通過檢驗(yàn)門限變量對(duì)資本流動(dòng)能力的影響,得出的結(jié)論為：一個(gè)省的經(jīng)濟(jì)增長(zhǎng)和開放度的變化與資本在國(guó)內(nèi)省際間的流動(dòng)程度大致呈現(xiàn)負(fù)相關(guān)關(guān)系,市場(chǎng)化程度的變動(dòng)也與資本在地區(qū)間的流動(dòng)性能力負(fù)相關(guān),而一省經(jīng)濟(jì)規(guī)模越大或者金融發(fā)展程度的提升,會(huì)促進(jìn)我國(guó)省際間的資本流動(dòng)能力,表現(xiàn)為正相關(guān)關(guān)系。該研究結(jié)果與我國(guó)經(jīng)濟(jì)發(fā)展的歷史軌跡具有高度相關(guān)關(guān)系,該結(jié)果只適用于我國(guó)經(jīng)濟(jì)發(fā)展的特殊階段,本文就不同的門限變量與FH系數(shù)變化的相互關(guān)系提出了一定的解釋,并且就我國(guó)改革開放進(jìn)程中存在的問題提出了相關(guān)意見和建議。
[Abstract]:Since the reform and opening up, with the reform of our economic system, China's economy has a rapid growth, the level of income of the people continue to improve, with the economic development, China's economic problems are gradually emerging. Some scholars believe that the regional market segmentation of capital is a fatal defect of China's financial system, which greatly reduces the efficiency of the use of capital in China. Based on this problem, this paper intends to make an empirical study on the regional capital mobility in China. Based on the literature review of previous studies, it is found that the common method of capital liquidity research in the international capital market is the savings-investment test, namely, the F-H method, at the same time. The method is widely used to test the degree of capital flow within a country. In addition, the savings retention coefficient is also affected by the economic growth rate, economic scale, openness, age composition of the population and so on. In this paper, the savings-investment test method is used to test the time trend of the saving retention coefficient in the whole country, and it is found that since the reform and opening up to the outside world. The degree of capital flow in our country has a tendency of decreasing first and then increasing, which is closely related to the economic system transformation and institutional change in our country. Secondly, this paper analyzes the degree of capital flow and the scale of capital flow in the east, middle and west of China. The empirical results show that the capital flow in central China is the weakest. The capital flow of the eastern and western regions is the strongest and basically equal, the capital of the western region is a large-scale outflow state, while the eastern region presents a state of large-scale capital inflow. This is mainly due to the eastern region of China has a higher level of economic development, China's eastern coastal areas have a better geographical advantage, with more higher investment rate of return of projects and enterprises. Attracted a large inflow of capital. Finally, the paper uses the panel threshold model to test the degree of inter-regional capital flow in China, compared with the existing domestic research, on the basis of using the economic growth rate, openness, economic scale as the threshold variables. It also increases the threshold variables of marketization and financial development, and studies their influence on FH coefficient respectively. Through testing the influence of threshold variables on capital flow capacity. The conclusion is that the change of economic growth and openness of a province has a negative correlation with the degree of capital flow between provinces. The change of the degree of marketization is also negatively related to the mobility of capital among regions, and the larger the economic scale of a province or the improvement of the degree of financial development, the greater the mobility of capital among provinces in China. The research results have a high correlation with the historical track of China's economic development, and the results are only applicable to the special stage of economic development in China. This paper gives a certain explanation of the relationship between different threshold variables and the change of FH coefficient, and puts forward some relevant opinions and suggestions on the problems existing in the process of reform and opening up in China.
【學(xué)位授予單位】：山東大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2011
【分類號(hào)】：F124;F224

【引證文獻(xiàn)】

相關(guān)碩士學(xué)位論文 前1條

1 宋曄文;中國(guó)省際資本流向規(guī)律及其影響[D];浙江大學(xué);2012年

，

本文編號(hào)：1410361