金融发展视角下台湾全要素生产率的增长源研究

发布时间：2018-07-10 19:04

本文选题：金融发展 + 全要素生产率　；参考：《台湾研究集刊》2017年02期

【摘要】：本文利用台湾1985—2014年的时序数据,借助Levine模型和扩展的Nelson-Phelps模型研究了金融发展对全要素生产率增长的效应。实证分析发现,台湾金融发展对全要素生产率增长的正效应具有滞后的特点,当期和上一期的金融发展都具有高度的显著性,但二者的作用方向相反——当期金融发展具有负效应,上一期金融发展具有正效应,正负作用抵消后的综合效应为正。这一发现对于中国大陆有两个重要的启示:一要缩短金融政策的市场时滞、提高政策发挥作用的时间效率;二要推行具有前瞻性的金融政策,减少因时滞而导致政策效果的弱化。只有这样才能有效提高全要素生产率,促进经济增长。
[Abstract]:Using the time series data of Taiwan from 1985 to 2014, this paper studies the effect of financial development on total factor productivity (TFP) growth using Levine model and extended Nelson-Phelps model. The empirical analysis shows that the positive effect of Taiwan's financial development on total factor productivity growth is lagging behind, and the current and previous financial development is highly significant. But the direction of action is opposite: the current financial development has a negative effect, the last financial development has a positive effect, and the comprehensive effect after the positive and negative effects offset is positive. This finding has two important implications for mainland China: first, to shorten the market delay of financial policies and to improve the time efficiency of their functioning; and second, to implement forward-looking financial policies. Reduce the time delay and result in the weakening of the effectiveness of the policy. Only in this way can we effectively improve total factor productivity and promote economic growth.
【作者单位】：两岸关系和平发展协同创新中心;厦门大学台湾研究中心;厦门大学经济学院;
【基金】：校长基金资助项目“两岸经济增长比较研究:人力资本分级、技术进步的视角”(20720151011) 福建省社会科学规划项目“台湾参与亚太区域经济合作的效应研究”(K34036) 教育部人文社会科学重点研究基地重大项目“新形势下两岸经济融合发展的动力机制研究”(16JJD790036)
【分类号】：F832.7

【相似文献】