基于金融发展视角下珠三角地区FDI与经济增长关系研究

发布时间：2018-06-11 20:55

本文选题：金融发展 + FDI　；参考：《福建农林大学》2017年硕士论文

【摘要】：近年来,随着全球一体化进程的推进,我国在国际上的经济地位日益提高,流入我国的FDI数额不断地增长,其对经济增长的作用也越来越受到重视。数据显示我国FDI以每年10%的速度增长,同期GDP增长速度高达7%,因此从某种意义上看FDI对经济增长有着促进的作用,但学者们从实证角度出发,认为FDI对经济增长的作用却存在争议。于是学者们开始研究影响FDI对经济增长作用的因素有哪些?直到21世纪初金融发展这个视角逐渐进入了学者的视线。目前国内外关于这方面的研究几乎都从国家或者从东、中和西部出发,缺乏针对区域性的探究,因此本文以经济发展迅猛的珠三角地区为研究对象,从而丰富金融发展、FDI与经济增长的关系的区域性研究,另一方面基于珠三角的发展优势带动整个广东省的发展乃至中部地区的崛起。本文首先对国内外相关文献进行梳理和总结,基于前人的经验概述FDI、经济增长和金融发展的内涵及相关的机制分析,然后对珠三角9市的FDI、经济增长和金融发展现状进行描述。继而建立以生产函数为基础的模型并选取经济增长、FDI以及金融发展合适的指标,利用E-Viwes5.0软件采用1995-2015年时间序列数据进行实证分析并将指标变量进行平稳性、协整关系检验并进行修正和格兰杰因果检验,把实证分析分为两部分:一部分直接研究FDI与经济增长关系;另一部分研究金融发展水平在FDI与经济增长的关系中起到的作用。通过实证性的研究得出外商直接投资、金融市场发展的实际情况,从而提出促进珠江三角洲地区经济增长的政策建议。实证分析显示,在没有加入金融市场因素时,经济水平相对发达的珠三角地区FDI的流入能够促进经济的增长,但增长幅度并不大。加入金融市场因素时,金融发展规模和FDI的交互作用抑制了经济增长,但是这并没有完全抑制FDI对经济增长的促进作用;金融发展效率和FDI的交互项作用能促进经济增长,但是金融发展在促进FDI对经济增长的过程中存在门槛值,以至于制约FDI对经济增长的作用。因此本文在最后得出结论在促进珠三角地区经济增长的策略中除了要加大区域引资的流入外,也要高效发展金融市场。
[Abstract]:In recent years, with the advancement of the global integration process, our country's economic status in the international community is increasing day by day, and the amount of FDI flowing into our country has been increasing, and its effect on economic growth has been paid more and more attention. The data show that FDI in China is growing at a rate of 10% per year, and GDP growth is as high as 7% in the same period, so FDI has a positive effect on economic growth in a sense, but scholars have started from an empirical point of view. The effect of FDI on economic growth is controversial. So scholars began to study the impact of FDI on economic growth factors? Until the beginning of the 21 st century, the perspective of financial development gradually entered the sight of scholars. At present, almost all the domestic and foreign researches on this aspect are from the country or from the east, the middle and the west, and lack of regional exploration. Therefore, this paper takes the Pearl River Delta region, where the economy is developing rapidly, as the research object. It enriches the regional research on the relationship between FDI and economic growth. On the other hand, the development advantage of the Pearl River Delta drives the development of the whole Guangdong Province and even the rise of the central region. This paper firstly summarizes the relevant literature at home and abroad, summarizes the connotation and mechanism of FDI, economic growth and financial development based on previous experience, and then describes the present situation of FDI, economic growth and financial development in 9 cities of the Pearl River Delta. Then the model based on production function is established and the appropriate indicators of economic growth FDI and financial development are selected. Using E-Viwes5.0 software to carry out empirical analysis with time series data from 1995 to 2015 and to make the index variables stable. Based on the cointegration test and Granger causality test, the empirical analysis is divided into two parts: one is the direct study of the relationship between FDI and economic growth; the other is the role of financial development level in the relationship between FDI and economic growth. Through the empirical research, the paper draws the actual situation of the development of foreign direct investment and financial market, and puts forward some policy suggestions to promote the economic growth in the Pearl River Delta region. The empirical analysis shows that the inflow of FDI in the relatively developed Pearl River Delta region can promote the economic growth without adding the financial market factors, but the growth rate is not large. When we join the financial market, the interaction between the scale of financial development and FDI inhibits economic growth, but this does not completely inhibit the contribution of FDI to economic growth, and the interaction of financial development efficiency and FDI can promote economic growth. But the financial development has the threshold value in the process of promoting FDI to the economic growth, which restricts the effect of FDI on the economic growth. Therefore, this paper concludes that in the strategy of promoting economic growth in the Pearl River Delta region, we should not only increase the inflow of regional investment, but also develop the financial market efficiently.
【学位授予单位】：福建农林大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.6;F127

【参考文献】