财政政策与货币政策对投资消费比的影响研究——基于内生增长模型的实证研究

发布时间：2018-05-05 22:19

本文选题：投资消费比 + 财政政策　；参考：《投资研究》2017年05期

【摘要】：本文在内生增长理论框架下构建出财政政策、货币政策作用于投资消费比的理论模型,得到货币供给增长率、经济建设支出、非经济建设支出、宏观税负与投资消费比的显式关系式,并运用数值模拟的方法对此关系进行分析。接下来利用全国30个省、直辖市2001—2015年的面板数据进行实证分析,结果显示:货币供给增长率与投资消费比呈现倒U型关系,我国当前处于曲线下降阶段;宏观税负与投资消费比也呈现倒U型关系,我国处于曲线的下降阶段;经济建设支出与投资消费比正相关,而非经济建设支出与投资消费比负相关。
[Abstract]:In this paper, under the framework of endogenous growth theory, we construct a theoretical model of fiscal policy, monetary policy acting on investment and consumption ratio, and obtain the growth rate of money supply, economic construction expenditure, non-economic construction expenditure. The explicit relation between macro tax burden and investment consumption ratio is analyzed by numerical simulation. Then we use the panel data of 30 provinces and municipalities directly under the Central Government from 2001 to 2015 to make an empirical analysis. The results show that the growth rate of money supply and the ratio of investment and consumption are inversely U-shaped, and our country is in the stage of curve decline; The relationship between macro tax burden and investment consumption ratio is also inversely U-shaped, and our country is in the declining stage of the curve, and the economic construction expenditure is positively related to investment consumption ratio, but not the negative correlation between economic construction expenditure and investment consumption ratio.
【作者单位】：中国科学技术大学管理学院;
【基金】：国家自然科学基金项目“基于内生经济增长理论的中国财政分权效应研究”的支持(71573240)
【分类号】：F126.1;F812.0;F822.0

【相似文献】