金融发展缘何抑制了经济增长——来自中国省际面板数据的经验证据

发布时间：2018-03-10 10:17

本文选题：金融发展　切入点：经济增长　出处：《经济问题》2017年01期 　论文类型：期刊论文

【摘要】：金融发展促进经济增长存在前提条件,这一前提条件是金融发展能够增进资本积累、优化资源配置。但我国的金融发展存在着严重的地区不平衡,金融发展的不平衡进一步加剧了资源配置的两极分化。1995-2014年我国省际经验数据表明,金融发展抑制了地区经济增长,金融发展不仅降低了全要素生产率,而且降低了资本积累率,从而对经济增长产生了负向影响。我国的经济增长主要依赖于资本形成和劳动力投入,对外开放、城市化、教育以及基础设施建设促进了经济增长,财政支出则抑制了经济增长。增进资本积累,优化资源配置,大力发展金融促进经济增长,必须进一步推进金融市场化,促进金融平衡发展。
[Abstract]:There are preconditions for financial development to promote economic growth, which is that financial development can increase capital accumulation and optimize resource allocation. However, there is a serious regional imbalance in financial development in China. The imbalance of financial development further intensifies the polarization of resource allocation. The empirical data from 1995 to 2014 show that financial development has restrained regional economic growth, and financial development has not only reduced the total factor productivity, but also reduced the rate of capital accumulation. China's economic growth mainly depends on capital formation and labor input, opening to the outside world, urbanization, education and infrastructure construction to promote economic growth. It is necessary to further promote the marketization of finance and promote the balanced development of finance in order to increase the accumulation of capital, optimize the allocation of resources, and vigorously develop finance to promote economic growth.
【作者单位】：河北金融学院河北省科技金融重点实验室;
【基金】：河北省社会科学基金项目“金融弱化与河北省经济增长的金融支持”(HB16YJ038) 河北省科技金融协同创新中心、河北省科技金融重点实验室2015年度开放基金项目“中国金融发展与地区经济增长”(HBTFKL201511)
【分类号】：F832;F124

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