金融市场化对我国经济增长的影响研究

发布时间：2018-01-12 22:08

本文关键词：金融市场化对我国经济增长的影响研究　出处：《安徽大学》2017年硕士论文　论文类型：学位论文

【摘要】：改革开放三十多年来,我国金融改革始终坚持以市场化为方向、以政府为主导、以金融服务实体经济发展为使命,走出了一条富有中国特色的金融改革创新之路。但我们必须清醒的认识到,我国并不是金融强国,由于我国独特的"二元金融结构"以及来自国家与政府层面的管控,资源过度开发、环境恶化、市场活力不足、中小企业贷款难与贷款贵等问题层出不穷。我国的金融体系还有待进一步健全,金融支持实体经济的功能也有待进一步实现。近几年,在我国宏观经济下行压力加大的背景下,党的十八届三中全会明确提出,要发挥经济体制改革的牵引作用,使市场在配置资源中起决定性作用。市场起决定性作用就是要坚持市场化改革方向。而金融是现代经济的核心,落实到金融领域,就是要求完善金融市场体系,加快推进金融市场化改革。研究金融市场化对经济增长的影响能够更准确而深刻的理解中国金融市场化改革,这关系到新常态下我国能否通过金融市场化改革推动经济增长与转型升级。本文将理论分析、现实分析和实证分析相结合,研究金融市场化对我国经济增长的影响。首先,介绍了本文的研究背景与意义、方法与内容等,并对前人已有的研究文献进行梳理。其次,介绍了金融市场化相关理论基础,重点分析了金融市场化对经济增长的影响机制和传导途径,为实证分析奠定了理论基础。接着结合我国当前现实,分析了金融市场化的现状与问题以及金融市场化与我国经济增长的关系。再次,使用面板数据多元线性回归模型对金融市场化与经济增长进行了回归分析,接着选取工具变量,进行二阶段最小二乘法的进一步估计克服内生性。研究结果表明:金融市场化对我国经济增长具有正向作用,即金融市场化可以很好的推动我国经济的增长。最后,针对我国的具体情况,对推进金融市场化给出了一些建议:第一,构建多层次的资本市场体系,转变实体经济过度依赖银行信贷融资的局面,分散金融风险;第二、完善金融要素的价格形成机制,进一步推进利率市场化和人民币汇率形成机制改革;第三、加强金融基础设施建设,在支付清算、立法监管、信息披露等方面加快与国际接轨。致力创造有利市场竞争的信息和机构环境,保障金融市场安全高效和整体稳定。
[Abstract]:Since the reform and opening up to the outside world for more than 30 years, China's financial reform has always adhered to the orientation of marketization, the government as the leading role, and the development of the financial service entity economy as its mission. We have found a way of financial reform and innovation with Chinese characteristics. However, we must be aware that our country is not a financial power. Due to China's unique "dual financial structure" and control from the state and government level, resources are overexploited, the environment is deteriorating, and the market is not dynamic enough. In recent years, China's financial system has yet to be further improved, and the function of financial support to the real economy needs to be further realized. Under the background of increasing downward pressure of macroeconomic in China, the third Plenary session of the 18 CPC Central Committee clearly proposed that we should give full play to the traction of economic system reform. To make the market play a decisive role in the allocation of resources. The decisive role of the market is to adhere to the direction of market-oriented reform, and finance is the core of the modern economy, to be implemented in the financial field, is to improve the financial market system. Speeding up the reform of financial marketization and studying the impact of financial marketization on economic growth can more accurately and profoundly understand the reform of financial marketization in China. This is related to the new normal whether China can promote economic growth and upgrading through financial market-oriented reform. This paper combines theoretical analysis, practical analysis and empirical analysis. Firstly, this paper introduces the research background and significance, methods and content of this paper, and reviews the previous research literature. Secondly, this paper introduces the financial marketization of China's economic growth. Second, this paper introduces the research background and significance, methods and content of this paper. This paper introduces the relevant theoretical basis of financial marketization, focuses on the analysis of the influence mechanism and transmission way of financial marketization on economic growth, which lays a theoretical foundation for empirical analysis. Then, it combines the current reality of our country. This paper analyzes the current situation and problems of financial marketization and the relationship between financial marketization and China's economic growth. Thirdly, we use panel data multiple linear regression model to analyze the relationship between financial marketization and economic growth. Then the tool variables are selected to further estimate the two-stage least square method to overcome the endogenicity. The results show that financial marketization has a positive effect on China's economic growth. That is, financial marketization can well promote the growth of our economy. Finally, according to the specific situation of our country, we give some suggestions to promote the financial marketization: first, build a multi-level capital market system. Changing the situation that the real economy relies on the bank credit financing excessively, dispersing the financial risk; Second, improve the price formation mechanism of financial elements, and further promote the reform of interest rate marketization and RMB exchange rate formation mechanism; Third, we should strengthen the construction of financial infrastructure, speed up the integration with the international community in the areas of payment settlement, legislative supervision and information disclosure, and strive to create an information and institutional environment conducive to market competition. To ensure the security, efficiency and overall stability of the financial market.
【学位授予单位】：安徽大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.5;F124.1

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