| 金融市场、金融中介和经济增长的实证分析 |
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| 引用本文： | 徐方坤,刘斌.金融市场、金融中介和经济增长的实证分析[J].未来与发展,2012(2):31-35. |
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| 作者姓名： | 徐方坤 刘斌 |
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| 作者单位： | 1. 山东省枣庄市薛城区团委,枣庄山东,277000
2. 南开大学经济学院国际经济研究所,天津,300071 |
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| 摘 要： | 内生金融经济增长理论认为:金融发展主要通过资本积累和技术进步两条途径促进经济增长。本文以投入产出表中的15个制造行业1998-2008年数据为样本,实证分析金融中介、金融市场对我国经济增长的具体影响。分析结果指出:总体来看,金融中介发展、金融市场发展对经济增长具有非常显著的正向解释力,中国金融中介对经济增长的促进作用大于金融市场;具体而言,中国金融中介发展促进了资本的积累,而中国金融市场发展与资本积累存在反向关系。金融中介发展、金融市场发展与技术进步存在正向关系,且金融中介对技术进步的影响大于金融市场。
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| 关 键 词： | 金融市场 金融中介 经济增长 |
Empirical Analysis of Financial Market, Financial Intermediary and Economic Growth |
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| XU Fang-kun
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LIU Bin.Empirical Analysis of Financial Market, Financial Intermediary and Economic Growth[J].Future and Development,2012(2):31-35. |
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| Authors: | XU Fang-kun LIU Bin |
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| Institution: | 1.Youth League for Xuecheng District of Zaozhuang City,Zaozhuang Shandong 277000,China; 2.Institute for International Economics of Nankai University,Tianjin 300071,China) |
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| Abstract: | Endogenous growth theory suggests that the growth of economics is promoted by financial development mainly through two ways: capital accumulation and technological progress.This paper takes data of 15 manufacturing industries in input-output table from 1998 to 2008 as sample,and empirically analyzes the specific effect of financial intermediation and financial markets on Chinese economic growth.The results point out: On the whole,the financial intermediary development and financial market development have significant positive explanatory power to economic growth,and the promotion to economic growth of Chinese financial intermediation is stronger than financial markets;the financial intermediary development promote capital accumulation,while the development of Chinese financial market has inverse relationship with the capital accumulation;Specifically speaking,the financial intermediary development and financial market development have positive correlation with technological progress,and the promotion to technological progress of financial intermediation is stronger than financial markets. |
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| Keywords: | financial market financial intermediation economic growth |
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