本文關(guān)鍵詞：金融發(fā)展在中國(guó)經(jīng)濟(jì)增長(zhǎng)中的作用研究　出處：《南開大學(xué)》2014年博士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 金融發(fā)展 經(jīng)濟(jì)增長(zhǎng) 作用機(jī)制 非線性關(guān)系

【摘要】：金融作為現(xiàn)代經(jīng)濟(jì)的核心,對(duì)經(jīng)濟(jì)增長(zhǎng)具有重要的影響作用。在這一點(diǎn)上,學(xué)者們基本上已達(dá)成共識(shí)。但是對(duì)于金融發(fā)展對(duì)經(jīng)濟(jì)增長(zhǎng)的具體作用機(jī)制,尚存在一定的爭(zhēng)議。其中,一些學(xué)者認(rèn)為金融發(fā)展與經(jīng)濟(jì)增長(zhǎng)之間存在非線性的關(guān)系,且在不同國(guó)家不同時(shí)期金融發(fā)展的作用也存在差異。為此,本文對(duì)金融發(fā)展在我國(guó)經(jīng)濟(jì)增長(zhǎng)中的作用機(jī)制進(jìn)行探究。 首先,本文對(duì)國(guó)內(nèi)外學(xué)者關(guān)于金融發(fā)展在經(jīng)濟(jì)增長(zhǎng)中作用方式的理論與實(shí)證研究文獻(xiàn)進(jìn)行較為系統(tǒng)地梳理與述評(píng),以便為后文的研究提供理論與方法等方面的借鑒。 隨后通過構(gòu)建內(nèi)生經(jīng)濟(jì)增長(zhǎng)模型來探討了金融發(fā)展對(duì)經(jīng)濟(jì)增長(zhǎng)的作用機(jī)制。文章將金融部門分為銀行存貸部門與金融創(chuàng)新部門兩類,前者通過提高儲(chǔ)蓄——投資轉(zhuǎn)化率來促進(jìn)物資資本積累,后者則是通過為技術(shù)研發(fā)提供直接融資來推動(dòng)生產(chǎn)技術(shù)水平提升。這樣,金融發(fā)展通過這兩種作用渠道拉動(dòng)經(jīng)濟(jì)增長(zhǎng)。之后,通過利用中國(guó)經(jīng)濟(jì)數(shù)據(jù)對(duì)這一增長(zhǎng)模型的結(jié)果進(jìn)行數(shù)值模擬分析發(fā)現(xiàn),金融發(fā)展確實(shí)能夠促進(jìn)經(jīng)濟(jì)增長(zhǎng),但金融兩個(gè)部門的作用機(jī)制不盡相同,由此可能導(dǎo)致金融發(fā)展與經(jīng)濟(jì)增長(zhǎng)的非線性關(guān)系。 在對(duì)金融發(fā)展在我國(guó)經(jīng)濟(jì)增長(zhǎng)中的作用進(jìn)行分析之前,需要對(duì)我國(guó)經(jīng)濟(jì)增長(zhǎng)與金融發(fā)展的狀況要有一定的了解。為此,本文介紹了建國(guó)以來我國(guó)經(jīng)濟(jì)增長(zhǎng)的基本情況,主要是對(duì)1952年以來(部分是1978年以來)我國(guó)經(jīng)濟(jì)在增長(zhǎng)中所呈現(xiàn)出來的總量特征、結(jié)構(gòu)特征以及區(qū)域特征分別進(jìn)行統(tǒng)計(jì)研究,發(fā)現(xiàn)我國(guó)經(jīng)濟(jì)增長(zhǎng)在近60多年(或30多年)以來取得了巨大成就,但也存在一定的問題。 之后,文章主要敘述了改革開放以來我國(guó)金融發(fā)展與改革的歷程與現(xiàn)狀。同時(shí),筆者在總結(jié)學(xué)者們關(guān)于衡量金融發(fā)展的各種指標(biāo)基礎(chǔ)上,選取了一些比較適合反映我國(guó)金融發(fā)展的指標(biāo),之后對(duì)我國(guó)金融發(fā)展的整體特征與區(qū)域特征進(jìn)行經(jīng)驗(yàn)描述,發(fā)現(xiàn)改革開放以來我國(guó)金融業(yè)得到了長(zhǎng)足的發(fā)展,但仍需進(jìn)一步改革。 在對(duì)我國(guó)經(jīng)濟(jì)增長(zhǎng)與金融發(fā)展有了一定了解之后,本文著重研究全國(guó)范疇下金融發(fā)展對(duì)我國(guó)經(jīng)濟(jì)增長(zhǎng)的影響方式。由于金融發(fā)展對(duì)經(jīng)濟(jì)增長(zhǎng)的作用方式可能是非線性的,為此筆者運(yùn)用可變參數(shù)的空間狀態(tài)模型與結(jié)構(gòu)向量自回歸(SVAR)模型分別對(duì)我國(guó)年度和季度的相關(guān)數(shù)據(jù)進(jìn)行實(shí)證研究,發(fā)現(xiàn)金融發(fā)展對(duì)經(jīng)濟(jì)增長(zhǎng)的作用在1996年前后分為兩個(gè)明顯差異的階段,即1996年以前金融發(fā)展的作用較小,而1996年之后該作用較大且相對(duì)穩(wěn)定。 在分析全國(guó)情況之后,筆者側(cè)重研究我國(guó)金融發(fā)展對(duì)區(qū)域經(jīng)濟(jì)增長(zhǎng)的作用方式,采用的基本分析方法為面板門限模型,同時(shí)考慮到我國(guó)區(qū)域經(jīng)濟(jì)增長(zhǎng)與金融發(fā)展的空間集聚特征,筆者將空間面板方法與面板門限模型相結(jié)合來對(duì)金融發(fā)展的非線性作用予以進(jìn)一步的探究。該部分的經(jīng)驗(yàn)研究表明,金融發(fā)展對(duì)區(qū)域經(jīng)濟(jì)增長(zhǎng)的作用存在門限效應(yīng),在低于一定的門限值之前,金融發(fā)展的促進(jìn)作用較弱,而超過該門限值之后,金融發(fā)展的拉動(dòng)作用凸顯。 最后,筆者歸納了本文分析所得出的基本結(jié)論,并指出在未來進(jìn)一步研究中的可能方向。并且根據(jù)分析結(jié)論所蘊(yùn)含的政策含義,筆者分別對(duì)促進(jìn)我國(guó)金融發(fā)展與推動(dòng)經(jīng)濟(jì)增長(zhǎng)提出了若干政策措施。
[Abstract]:Finance is the core of modern economy, has an important effect on the economic growth. At this point, the scholars have basically reached a consensus. But the specific mechanism of financial development on economic growth, there are still some controversy. Among them, some scholars believe that there is a non-linear relationship between financial development and economic growth, and there are different countries in different periods of financial development difference. Therefore, the development mechanism in China's economic growth in the financial research.
First of all, this paper systematically reviews and reviews the literatures on the ways and means of financial development in economic growth at home and abroad, so as to provide references for future research.
Then by constructing the endogenous economic growth model to investigate the effect of financial development on economic growth mechanism. The financial sector will be divided into bank loan department and financial innovation department two, the former by increasing savings investment conversion rate to promote the accumulation of physical capital, the latter is by providing direct financing for technology research and development to promote the production technology to enhance the level of financial development. In this way, through the two channels to promote economic growth. After that, numerical simulation analysis by using the China economic data on the growth of the model results, financial development can promote economic growth, but the role of the mechanism of the two financial sector is not the same, which may lead to the nonlinear relationship between financial development with the economic growth.
Before the financial development in China's economic growth on the role of the need for China's economic growth and financial development status have a certain understanding. Therefore, this paper introduces the basic situation of China's economic growth since the founding of new China, mainly since 1952 (partly since 1978) the total characteristics of China's economy which appear in the growth, structure characteristics and regional characteristics were statistical research, found that China's economic growth in the past 60 years (or 30 years) has made great achievements, but there are also some problems.
After that, the article mainly describes the history and current situation of the development and reform of Finance in China since the reform and opening up. At the same time, the author summarizes various scholars based on the measure index of financial development, choosing some suitable to reflect the development of China's financial indicators, the overall characteristics and regional characteristics of China's financial development experience the description, found that since the reform and opening of China's financial industry has been considerable development, but still need further reform.
After a certain understanding of China's economic growth and financial development, this paper focuses on the research of the category under the influence of financial development on China's economic growth. As a result of the financial development may be nonlinear effect on economic growth, the state space model and the structure of the use of variable parameter vector autoregressive (SVAR) empirical study on model data relevant to the China annual and quarterly, found that the effect of financial development on economic increase in 1996 and divided into two different stages, namely, before 1996, the role of financial development is small, but after 1996 the effect is large and relatively stable.
After analyzing the situation, research on China's financial development on the role of regional economic growth on the basic analysis method using the panel threshold model, taking into account China's regional economic growth and financial development of the spatial agglomeration characteristics, the spatial panel method and panel threshold model combined with nonlinear effect on financial development to further explore experience. The part of the study shows that there is a threshold effect of financial development on regional economic growth, before below a certain threshold, the role of financial development is weak, but after more than the threshold value, highlighting the stimulating effect of financial development.
Finally, the author summarizes the basic conclusions obtained in this paper, and points out the possible directions for further research in the future. Based on the policy implications of the conclusion, the author puts forward several policy measures for promoting China's financial development and promoting economic growth respectively.

【學(xué)位授予單位】：南開大學(xué)
【學(xué)位級(jí)別】：博士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832;F124.1
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本文編號(hào)：1360314