我国金融深化对经济增长的影响

发布时间：2018-02-26 02:06

本文关键词： 金融深化信用深化金融发展经济增长　出处：《云南财经大学》2014年硕士论文　论文类型：学位论文

【摘要】：随着我国经济发展和市场经济改革的深入，金融成为了市场化程度较低的最受关注的领域。我国的经济市场化改革引致着对金融深化改革的需求。几十年来，我国金融改革取得了一定的成绩，金融深化程度提高，，货币化指标和金融相关比率不断提高，金融机构规模不断扩大，创新金融产品不断涌现，证券市场发展迅速，利率汇率市场化改革不断加快。本文研究了金融深化理论和中国金融深化进程，从信用深化角度入手重新分析了我国金融深化的作用机制，分析了金融相关比率FIR衡量金融深化的作用机制，用索洛模型核算FIR中实质资本，并对我国金融深化对经济发展的影响展开实证分析，为金融深化理论与我国现实经济金融相互作用的结合提供了实证依据。从分析中得出了我国金融深化与经济增长的相互促进作用的结论，金融深化应当从信用深化入手，发挥信用工具配置资源的作用，优化生产要素组合从而提高社会生产率。在理论和实证研究的基础上，提出对我国金融深化的建议，希望对我国金融和经济发展有一定作用。本文在已有研究成果的基础上，以金融学、经济学理论为前提，分为5章：第一章分析了金融发展在中国的实践，提出了本文的研究背景和研究意义：我国经济增长需要与之相适应的金融深化，我国金融深化改革需要进行总结和建议。本文所采用的研究方法有历史纵向概括和横向比较相结合，定量分析与定性分析相结合，实证分析与理论研究相结合。本章主要内容还有金融深化理论的文献综述，本文的研究内容，创新和不足。第二章从我国金融改革进程展开，对金融深化进行了逻辑定位，认为金融深化是一个过程。对我国的金融深化分析应该从两个方面进行：利用传统金融深化指标分析；对我国金融深化对经济增长的影响进行分析。第三章对金融深化对经济增长的影响展开理论研究。回顾了传统金融深化与经济增长的理论模型，对我国金融深化和经济增长的理论研究从信用深化入手：决定经济增长的因素是资源的优化组合，信用工具比传统的储蓄投资对配置资源有更好的作用，金融深化即是通过信用规模扩张，提高信用品质促进经济增长的。第四章实证分析我国金融深化与经济的相互作用。在金融深化的指标上选取了金融相关比率FIR，从信用深化的角度分析了用金融资产衡量金融深化的作用机制。利用索洛模型中的生产函数估算社会实质资本，二者之比为本文选取的金融相关比率。利用金融相关比率分析我国金融经济的发展状况。运用计量模型，通过ADF检验、格兰杰因果检验，得出了我国金融深化和经济增长相互促进的结论。第五章总结了本文的主要内容和观点，根据理论和实证的研究结果，提出了我国金融深化的建议。
[Abstract]:With the development of China's economy and the deepening of market economy reform, finance has become the most concerned area with low marketization. The economic marketization reform of our country has led to the demand for deepening financial reform for decades. Some achievements have been made in the financial reform of our country. The degree of financial deepening has been improved, the monetization index and the financial related ratio have been improved, the scale of financial institutions has been expanding, innovative financial products have been emerging, and the securities market is developing rapidly. This paper studies the theory of financial deepening and the process of financial deepening in China, and reanalyzes the mechanism of financial deepening in China from the perspective of credit deepening. This paper analyzes the function mechanism of financial relative ratio (FIR) to measure financial deepening, uses Solow model to calculate the real capital in FIR, and makes an empirical analysis on the impact of financial deepening on economic development in China. It provides an empirical basis for the combination of the theory of financial deepening and the actual economic and financial interaction in China. From the analysis, the author draws the conclusion that the mutual promotion of financial deepening and economic growth in China, and financial deepening should start with the deepening of credit. On the basis of theoretical and empirical research, this paper puts forward some suggestions for financial deepening in China, hoping to play a certain role in the development of our country's finance and economy. Based on the existing research results, this paper is divided into five chapters on the premise of finance and economics. The first chapter analyzes the practice of financial development in China, and puts forward the research background and significance of this paper: China's economic growth needs to adapt to the financial deepening. The research methods adopted in this paper include historical vertical generalization and horizontal comparison, quantitative analysis and qualitative analysis. The main contents of this chapter are the literature review of financial deepening theory, the content, innovation and deficiency of this paper. The second chapter starts from the process of our country's financial reform, carries on the logical localization to the financial deepening, thinks that the financial deepening is a process, the financial deepening analysis of our country should be carried out from two aspects: use the traditional financial deepening index analysis; The impact of financial deepening on economic growth is analyzed. Chapter three studies the influence of financial deepening on economic growth, and reviews the traditional theoretical models of financial deepening and economic growth. The theoretical study on China's financial deepening and economic growth begins with credit deepening: the factor that determines economic growth is the optimal combination of resources, and credit tools play a better role in the allocation of resources than traditional savings and investment. Financial deepening is through the expansion of credit scale, improve the quality of credit to promote economic growth. Chapter 4th empirically analyzes the interaction between financial deepening and economy in China, selects FIRs as the index of financial deepening, and analyzes the mechanism of measuring financial deepening by financial assets from the perspective of credit deepening. Using the production function in Solow model to estimate social real capital, The ratio of the two is the finance-related ratio selected in this paper. The financial correlation ratio is used to analyze the development of China's financial economy. By using the econometric model, ADF test, Granger causality test, Granger causality test, This paper draws the conclusion that financial deepening and economic growth promote each other. Chapter 5th summarizes the main contents and viewpoints of this paper, and puts forward some suggestions on financial deepening according to the theoretical and empirical research results.
【学位授予单位】：云南财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.1;F124.1

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