论文部分内容阅读
本文以2001-2010年的分省面板数据为基础,采用固定资产投资中银行贷款与国家预算内资金之比作为金融发展效率的显示指标,以全要素生产率代表经济发展水平,通过运用混合最小二乘法构建面板数据混合模型对我国各省经济发展水平与金融发展效率之间的关系进行了分析。结果显示:金融发展效率与经济发展水平之间存在着显著的正向关系,这种关系具体表现为金融发展是全要素生产率的格兰杰原因,而金融发展的熊彼特效应表现显著。
Based on the provincial panel data from 2001 to 2010, this paper uses the ratio of bank loans in fixed assets investment to the national budget as indicators of financial development efficiency, TFP on behalf of economic development level, Multiplication construction panel data hybrid model of the economic development of our province and the relationship between the efficiency of financial development were analyzed. The results show that there is a significant positive relationship between the efficiency of financial development and the level of economic development. The relationship is manifested in Granger reason that financial development is total factor productivity, while Schumpeterian effect of financial development is remarkable.