發(fā)布時(shí)間：2018-07-25 17:17

【摘要】：隨著我國綜合國力的增強(qiáng),金融市場(chǎng)的國際地位、作用和影響日益顯現(xiàn),金融市場(chǎng)化改革現(xiàn)已成為經(jīng)濟(jì)發(fā)展的一個(gè)重要組成部分,本文從金融市場(chǎng)融資度、非財(cái)政影響度和對(duì)外金融開放度三個(gè)維度五項(xiàng)指標(biāo)構(gòu)建了一個(gè)衡量金融市場(chǎng)化的指標(biāo)體系,運(yùn)用Wurgler資本配置效率測(cè)算模型,對(duì)我國14年30個(gè)地區(qū)的金融市場(chǎng)化的指標(biāo)面板數(shù)據(jù)加以驗(yàn)證,得出結(jié)論:我國現(xiàn)階段金融市場(chǎng)化中融資規(guī)模和結(jié)構(gòu)對(duì)資本配置效率的提高顯著正相關(guān),利率市場(chǎng)化和金融對(duì)外開放對(duì)資本配置效率顯著負(fù)相關(guān),財(cái)政干預(yù)與資本配置效率無顯著相關(guān)關(guān)系。
[Abstract]:With the enhancement of our country's comprehensive national strength, the international position, function and influence of financial market are becoming more and more obvious. The reform of financial marketization has become an important part of economic development. Three dimensions and five indexes of non-fiscal impact and external financial openness have been constructed to measure the financial marketization, and the Wurgler capital allocation efficiency model has been used to measure the financial marketization. This paper verifies the index panel data of financial marketization in 30 regions of China for 14 years, and draws a conclusion that the improvement of capital allocation efficiency by the scale and structure of financing in the current stage of financial marketization in China is significantly positively related to the improvement of the efficiency of capital allocation. Interest rate marketization and financial opening to the outside world have negative correlation with capital allocation efficiency, but there is no significant correlation between financial intervention and capital allocation efficiency.
【學(xué)位授予單位】：對(duì)外經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F832.5
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本文編號(hào)：2144500