法定存款准备金率调整促进我国产业结构优化研究——基于资产结构调整角度的解释

发布时间：2018-05-05 02:00

本文选题：存款准备金率 + 产业结构优化　；参考：《新疆社会科学》2017年05期

【摘要】：文章运用误差值修正模型研究了法定存款准备金调整对第三产业产出占比的影响,并构建了以银行业金融机构资产结构调整为基础的法定存款准备金率调整效应传导机制。实证检验表明,降低法定存款准备金率可以促进经济总量增长,但并不能优化产业结构;提高法定存款准备金率抑制经济过热,但可以优化产业结构。为了使法定存款准备金调整同时兼顾经济总量增长和经济结构调整,应该协同财政、货币和监管政策,适当降低贷款收益/流动性比率与总资产收益/流动性比率的差值、适当降低全部贷款收益/流动性比率与降低第三产业贷款收益/流动性比率的差值,逐步提高第三产业贷款的收益率和第三产业产出的边际资本报酬率。
[Abstract]:Using the error correction model, this paper studies the effect of the adjustment of the legal reserve on the output of the tertiary industry, and constructs the transmission mechanism of the regulatory effect of the legal reserve ratio on the basis of the adjustment of the asset structure of the banking financial institutions. The empirical test shows that reducing the legal reserve ratio can promote the total economic growth, but it can not optimize the industrial structure, and raise the statutory reserve ratio to restrain the overheating of the economy, but to optimize the industrial structure. In order to adjust the statutory reserve for deposits at the same time as economic aggregate growth and economic restructuring, the difference between the loan income / liquidity ratio and the total asset income / liquidity ratio should be appropriately reduced in coordination with fiscal, monetary and regulatory policies. The difference between the total loan income / liquidity ratio and the tertiary industry loan income / liquidity ratio should be reduced and the rate of return on loans and marginal return on capital of tertiary industry output should be gradually increased.
【作者单位】：中国人民银行银川中心支行;
【基金】：中国人民银行银川中心支行青年课题(2016年度)的研究成果
【分类号】：F121.3;F832

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