经济转型中的法治水平、政府行为与地区金融发展——来自中国的新证据

发布时间：2018-04-09 08:29

本文选题：经济转型　切入点：法治水平　出处：《经济评论》2010年01期

【摘要】：在以政府主导甚至干预经济发展为特征的转型经济中,政府行为会影响法治与金融发展间的作用机制。本文利用1995-2005年中国省级单位的数据研究了政府行为和法治水平对地区金融发展的影响。结果发现,在不考虑政府行为这一制度因素时,法治水平的提高对地区金融发展具有一定的促进效应,但这个效应有限。转型期政府行为对金融发展明显具有重要影响,地方政府的干预可能会对法治促进金融发展的作用产生部分"挤出效应",甚至是完全的"替代效应"。本文的结论是,经济转型过程中的中国只有在充分认识到政府行为主导金融发展的情况下,才能准确把握法治与金融发展间的关系。本文的研究也对主流"法与金融"文献提供了新证据。
[Abstract]:In the transition economy characterized by government leading and even intervening in economic development, government behavior will influence the mechanism between the rule of law and financial development.Based on the data of provincial units in China from 1995 to 2005, this paper studies the influence of government behavior and the level of rule of law on regional financial development.The results show that the improvement of the level of rule of law has a certain promoting effect on the regional financial development, but this effect is limited.During the transition period, government behavior has an obvious impact on financial development, and the intervention of local governments may have a partial "crowding out" effect, or even a complete "substitution effect", on the role of the rule of law in promoting financial development.The conclusion of this paper is that the relationship between the rule of law and financial development can be accurately grasped only when China is fully aware of the financial development dominated by government behavior in the process of economic transformation.This study also provides new evidence for the mainstream literature on law and finance.
【作者单位】：重庆大学经济与工商管理学院;
【基金】：国家社会科学基金项目“经济转型、法律缺失与非正式制度约束:本土化语境中法与金融理论的拓展研究”(项目批准号:09XJL005)的阶段性研究成果,并受其资助
【分类号】：D90-05;F832

【参考文献】