证券市场融资的产业升级效应研究

发布时间：2018-03-25 19:28

本文选题：证券市场　切入点：股票市场　出处：《西安交通大学学报(社会科学版)》2012年04期

【摘要】：欧美发达国家的经济发展史表明,证券市场的发展过程往往也是产业结构高度化的演进过程,而当前中国经济的产业升级过程陷入了"瓶颈期"。注意到国内证券市场与产业升级关系相关研究在视角、方法等方面的局限性,利用2006-2010年的省际数据,运用动态面板模型实证检验了中国证券市场融资的产业升级效应。结果显示,证券市场融资不仅没有推动反而阻碍了产业升级,且阻碍主要来自股票市场融资,债券市场融资则不存在显著影响。
[Abstract]:The economic development history of the developed countries in Europe and the United States shows that the development process of the securities market is often also a process of industrial structure development. At present, the process of industrial upgrading of China's economy has fallen into a "bottleneck period." noting the limitations of the research on the relationship between the domestic securities market and industrial upgrading in terms of perspective and methods, and using inter-provincial data from 2006 to 2010, The dynamic panel model is used to test the industrial upgrading effect of Chinese securities market financing. The results show that the securities market financing not only does not promote but hinders the industrial upgrading, and it mainly comes from the stock market financing. Bond market financing has no significant impact.
【作者单位】：西安交通大学经济与金融学院;
【分类号】：F832.51;F224

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