中國(guó)轉(zhuǎn)型期經(jīng)濟(jì)動(dòng)態(tài)效率研究(1993-2012)
本文選題:動(dòng)態(tài)效率 + AMSZ準(zhǔn)則 ; 參考:《廈門大學(xué)》2014年碩士論文
【摘要】:經(jīng)濟(jì)動(dòng)態(tài)效率一直是經(jīng)濟(jì)增長(zhǎng)理論研究關(guān)鍵,其核心問題是資本積累是否過度,即是否超過的黃金律所要求的水平。如果資本積累超過黃金律水平,說明儲(chǔ)蓄相對(duì)過多,人均消費(fèi)沒有達(dá)到最大化水平,經(jīng)濟(jì)沒有處于帕累托最優(yōu)狀態(tài),此時(shí),經(jīng)濟(jì)是動(dòng)態(tài)無效的。因此,我們可以通過衡量經(jīng)濟(jì)中資本積累是否過度來檢驗(yàn)經(jīng)濟(jì)動(dòng)態(tài)效率。 首先,本文總結(jié)了以往學(xué)者對(duì)經(jīng)濟(jì)動(dòng)態(tài)效率的研究成果,在對(duì)動(dòng)態(tài)效率理論梳理分析的基礎(chǔ)之上,借鑒AMSZ現(xiàn)金流準(zhǔn)則對(duì)中國(guó)1993—2012年轉(zhuǎn)型期的經(jīng)濟(jì)動(dòng)態(tài)效率進(jìn)行了再檢驗(yàn),并得出如下結(jié)論:(1)中國(guó)經(jīng)濟(jì)動(dòng)態(tài)效率呈倒U型變動(dòng)。具體表現(xiàn)為中國(guó)經(jīng)濟(jì)在1993—2002年總資本收益大于總投資,處于動(dòng)態(tài)有效階段;2002年—2012年總資本收益小于總投資,經(jīng)濟(jì)轉(zhuǎn)向動(dòng)態(tài)無效;(2)中國(guó)經(jīng)濟(jì)動(dòng)態(tài)效率與經(jīng)濟(jì)周期有關(guān),自2008年金融危機(jī)以來,中國(guó)經(jīng)濟(jì)動(dòng)態(tài)效率加劇惡化。同時(shí)利用上述方法對(duì)區(qū)域經(jīng)濟(jì)動(dòng)態(tài)效率進(jìn)行檢驗(yàn)時(shí),發(fā)現(xiàn):(1)東部地區(qū)經(jīng)濟(jì)在樣本期內(nèi)一直處于動(dòng)態(tài)有效狀態(tài),中部次之,西部最低,表明中國(guó)經(jīng)濟(jì)動(dòng)態(tài)效率與區(qū)域經(jīng)濟(jì)發(fā)展水平有關(guān)。(2)東中西地區(qū)資本收益占生產(chǎn)總值的比重呈收斂趨勢(shì),中西部地區(qū)的投資占生產(chǎn)總值比重近幾年來迅速超過東部地區(qū)。 其次,通過對(duì)中國(guó)經(jīng)濟(jì)動(dòng)態(tài)效率研究分析,并結(jié)合我國(guó)轉(zhuǎn)型期的特征,我們‘認(rèn)為:投資水平是資本存量快速積累的主要因素,過度投資導(dǎo)致人均資本存量快速增加,根據(jù)資本邊際產(chǎn)出遞減規(guī)律,使得資本收益率下降,進(jìn)而拉低經(jīng)濟(jì)動(dòng)態(tài)效率;財(cái)政分權(quán)增強(qiáng)了地方政府干預(yù)經(jīng)濟(jì)的能力,但是也導(dǎo)致資源配置扭曲程度增大,不利于經(jīng)濟(jì)動(dòng)態(tài)效率的改善;產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化能促進(jìn)資源合理流動(dòng),改善資源配置的扭曲程度,提高資源的配置效率,有利于經(jīng)濟(jì)動(dòng)態(tài)效率提高;诖,本文利用省級(jí)面板數(shù)據(jù)對(duì)上述假設(shè)進(jìn)行了檢驗(yàn),結(jié)果證實(shí)假設(shè)與事實(shí)相符。 最后,本文結(jié)合實(shí)證檢驗(yàn)的結(jié)果,針對(duì)我國(guó)經(jīng)濟(jì)的實(shí)際情況,分析了消除我國(guó)經(jīng)濟(jì)動(dòng)態(tài)無效的途徑,并提出相關(guān)政策建議。
[Abstract]:Economic dynamic efficiency has always been the key to the study of economic growth theory. The core problem is whether the accumulation of capital is excessive, that is, whether to exceed the required level of gold law firms. If the capital accumulation exceeds the gold rule level, the savings are relatively excessive, the per capita consumption does not reach the maximum level, the economy is not in the Pareto optimal state, at this time, the economy is dynamic and ineffective. Therefore, we can measure whether the accumulation of capital in the economy is excessive to test the dynamic efficiency of the economy. First of all, this paper summarizes the previous research results of economic dynamic efficiency, on the basis of combing and analyzing the dynamic efficiency theory, using the AMSZ cash flow criterion to re-test the economic dynamic efficiency in the period of 1993-2012 in China. And draw the following conclusion: 1) the dynamic efficiency of China's economy shows an inverted U-shaped change. In particular, the total capital income of China's economy in 1993-2002 was larger than that of total investment, which was in a dynamic and effective stage, and the total capital income in 2002-2012 was less than that of total investment, and the economic dynamic shift was ineffective.) the dynamic efficiency of China's economy was related to the economic cycle. Since the 2008 financial crisis, China's dynamic economic efficiency has worsened. At the same time, when using the above method to test the dynamic efficiency of regional economy, it is found that the economy in the eastern region has been in a dynamic effective state in the sample period, followed by the central region and the lowest in the western region. The results show that the dynamic efficiency of China's economy is related to the level of regional economic development. (2) the proportion of capital income to GDP in East, West and West regions is convergent, and the proportion of investment in the central and western regions to GDP has rapidly surpassed that of the eastern regions in recent years. Secondly, by studying and analyzing the dynamic efficiency of China's economy and combining the characteristics of China's transition period, we think that the level of investment is the main factor of the rapid accumulation of capital stock, and overinvestment leads to the rapid increase of capital stock per capita. According to the law of diminishing marginal output of capital, the rate of return on capital decreases, which leads to lower dynamic economic efficiency. Fiscal decentralization enhances the ability of local governments to intervene in the economy, but it also leads to the distortion of resource allocation. The optimization of industrial structure can promote the rational flow of resources, improve the distortion of resource allocation, improve the efficiency of resource allocation, and improve the economic dynamic efficiency. Based on this, this paper uses provincial panel data to test the above hypothesis, and the results confirm that the hypothesis is in accordance with the facts. Finally, based on the results of empirical test, this paper analyzes the ways to eliminate the invalidation of China's economic dynamic, and puts forward some relevant policy recommendations according to the actual situation of China's economy.
【學(xué)位授予單位】:廈門大學(xué)
【學(xué)位級(jí)別】:碩士
【學(xué)位授予年份】:2014
【分類號(hào)】:F124
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