对外开放、金融发展与利益集团困局

发布时间：2018-05-17 23:25

本文选题：贸易开放 + 金融开放　；参考：《世界经济》2017年04期

【摘要】：对外开放对金融发展的影响机制蕴涵着金融改革中深层次的利益集团问题。本文基于中国贸易和金融开放对金融发展的影响机制,在区分金融发展的规模、效率与竞争指标基础上,运用2000-2009年中国分省数据对利益集团理论进行了间接和直接检验。结果显示,利益集团理论在间接和直接检验中都得到了较好的验证,即单独贸易开放或金融开放都难以撼动利益集团对金融效率和竞争的阻碍,只有同时推进贸易和金融开放,才可能削弱利益集团的垄断格局,提升金融效率和竞争力。虽然贸易和金融同时开放对金融规模有所抑制,但这种抑制效应与利益集团理论的本质内涵并不矛盾,而是反映了不同国家企业结构和金融结构方面的差异。总之,当贸易开放与金融开放同时推进到一定程度时,利益集团对金融发展将从抵制转为支持,这种支持对中国经济与金融改革至关重要。
[Abstract]:The influence mechanism of opening to the outside world on financial development contains the deep interest group problem in the financial reform. Based on the influence mechanism of China's trade and financial liberalization on financial development and on the basis of distinguishing the scale, efficiency and competition of financial development, this paper makes indirect and direct tests on the theory of interest groups by using the provincial data of China from 2000 to 2009. The results show that the theory of interest groups has been well tested in both indirect and direct tests, that is, the opening of trade or finance alone can not shake the barriers of interest groups to financial efficiency and competition, but only to promote trade and financial openness. Only then may weaken the interest group's monopoly pattern, enhances the financial efficiency and the competitive power. Although the opening of trade and finance at the same time inhibits the financial scale, the inhibition effect does not contradict the essential connotation of interest group theory, but reflects the differences in enterprise structure and financial structure in different countries. In a word, when the opening of trade and finance are promoted to a certain extent, interest groups will change their support for financial development from resistance to support, which is crucial to China's economic and financial reform.
【作者单位】：中国人民大学财政金融学院中国财政金融政策研究中心;纽约大学经济系;
【基金】：教育部人文社会科学重点研究基地重大项目“基于微观基础的宏观金融政策研究”(16JJD790057)的资助
【分类号】：F125;F832

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