山西省民间金融促进经济增长的效应研究

发布时间：2018-01-14 05:20

本文关键词：山西省民间金融促进经济增长的效应研究　出处：《北京交通大学》2017年硕士论文　论文类型：学位论文

【摘要】：在我国社会生产总值迅猛增长的同时,与之不匹配的是以正规金融为主导的金融市场体系建设的滞后性,这种情况造成了市场上资金供需的矛盾,也就是金融抑制现象,而长期以来起到缓解这种矛盾作用的就是民间金融。作为正规金融的一种有效的补充形式,民间金融在促进民营经济发展提高资金利用效率等方面有着极大的助推力。为了更好的利用这种助推力,我国政府和金融监管机构对民间金融的态度发生了改变,由从前的打压和取缔转变为扶持和引导,并且还将民间金融发展作为一项政策目标。浙江、内蒙、山西等地区是我国民间金融最为活跃的地区。其中山西省伴随"煤炭黄金十年",沉淀了规模庞大的民间资本,再加上其正处于产业结构转型的进程中,多次提出"激活民间资本,发展民营经济"的政策方针,因此选取山西省作为研究对象,希望能探究民间金融对经济增长的促进效应。鉴于民间金融产生的原因是金融抑制现象,而民间金融对金融深化也有较为重要的作用,因此本文以金融抑制和金融深化理论为基础,分析了民间金融产生的原因,并结合山西省实际状况,研究了民间金融发展现状和特点。运用了理论分析法分析了民间金融对经济的促进效应。并用θ值估算法和协整分析等方法,先对1995-2015年山西省民间金融的规模进行了粗略的测算,进而利用测算结果进行实证分析。得出的主要结论有:第一、山西省的民间金融活动在全国来说较为活跃,1994年至2015年间,山西省民间金融从少到多,发展至今成为经济体系中不可或缺的一部分。其规模庞大,并具有投向实体经济的特点。第二、山西省民间金融对当地经济发展有着促进效应。这种效应主要包括投资效应、收入效应、补充效应和创新效应。分别起到了促进民营经济的发展、提高当地居民收入、补充正规金融功能和推进产业技术创新等作用。第三、通过实证表明,山西省经济增长受到固定资产投资额、劳动力因素和民间金融发展的共同影响,民间金融对山西经济增长具有显著影响,但其贡献不如固定资产投资额和劳动力因素。且山西省民间金融规模的扩大是该地区经济增长的格兰杰原因,但是反之不成立。
[Abstract]:In the society of China's GDP growth at the same time, does not match with that in the formal financial system of financial market construction lag is dominant, this situation caused the contradiction between supply and demand of funds in the market, which is the phenomenon of financial repression, but for a long time to alleviate this contradiction is the role of private finance as one. An effective supplement to the form of formal finance, informal finance has great impetus in promoting the development of the private economy to improve the efficiency of utilization of funds. In order to use this thrust better, changed our governments and finance regulatory authorities on the attitude of private finance, change from the former to suppress and ban to support and guide and also, the folk financial development as a policy target. Zhejiang, Inner Mongolia, Shanxi and other regions is the most active region of our country folk finance in Shanxi province. With the "yellow coal Gold for ten years ", the precipitation of large-scale private capital, and it is in the industrial structure transformation process, repeatedly proposed" activation of private capital, the development of private economy "policy, therefore selects Shanxi Province as the research object, hoping to explore the folk finance in promoting economic growth due to folk effect. The financial is the phenomenon of financial repression, but the folk finance has more important effect on financial deepening, therefore, financial repression and financial deepening theory, analyzes the reasons of folk finance produces, and combined with the actual situation of Shanxi Province, the development status and characteristics of private finance. Use the theoretical analysis effect of informal finance on the economy. And with the theta value estimation and cointegration analysis method, first to the folk finance of Shanxi Province in 1995-2015 scale was calculated roughly, and then use the The results of the empirical analysis. The main conclusions are as follows: first, the private financial activities in Shanxi province are more active in the country, from 1994 to 2015, Shanxi province folk finance from less to more, the development has become an integral part of the economic system. Its large size, and has the characteristics of investment in the real economy. Second Shanxi Province, folk finance to the local economic development have a positive effect. This effect mainly includes the investment effect, income effect, complementary effect and innovation effect respectively. To promote the development of private economy, increase the income of local residents, supplementing the formal financial function and the promotion of industrial technology innovation and so on. Third, the empirical study shows that the Shanxi the economic growth by investment in fixed assets, the common influence factors and labor folk financial development, private finance has significant impact on economic growth in Shanxi, but the Contribution is not as good as investment in fixed assets and labor force. The expansion of private financial scale in Shanxi province is Grainger's reason for economic growth in this area, but vice versa.

【学位授予单位】：北京交通大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.4;F127

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