中国金融市场化对全要素生产率的影响

发布时间：2018-03-13 12:39

本文选题：金融市场化　切入点：全要素生产率　出处：《宁夏大学》2017年硕士论文　论文类型：学位论文

【摘要】：金融市场化改革一直是我国经济体制改革的重要组成部分,金融发展对经济增长的作用已经被现实经济发展所证实。通过金融市场化改革以提高金融部门的运行效率,从而提高资金的流通效率和使用效率,让金融部门更有效地为实体经济发展提供服务,以达到提高生产效率和提升经济水平的目的。全要素生产率是衡量经济发展水平的最重要的指标,它指的是一国对生产要素的利用效率,全要素生产率水平越高意味着生产的能力越强。金融发展促进全要素生产率水平的重要途径在于提高社会资金的流动性供给水平,为企业带来生产性融资的便利,有利于企业扩大生产,提升企业的研发水平,提高产出效益,以达到提高要素的使用效率的目的。本文主要研究了在中国金融市场化对全要素生产率水平的影响。在理论理解的基础上,通过梳理文献,理清脉络,进而提出问题并进行实证分析。本文使用索洛余值法对我国各省市全要素生产率水平进行测算,同时构建指标使用主成分分析法来测算金融市场化指数以反映各地的市场化水平,最后使用面板数据模型检测金融市场化进程对全要素生产率的影响。结果表明,我国金融市场化进程对全要素生产率水平的提高作用显著,金融部门的扩张以及内部竞争水平的提升都在一定程度上促进了全要素生产率水平的进步。回归结果显示,整体上我国全要素生产率水平在不断提高,东部地区全要素生产率水平最高,西部地区最低。各地区金融市场化发展水平不—,东部地区表现出来的水平最高。在回归结果中,人力资本和基础设施建设水平的提高也有助于提高全要素生产率,前者是提高生产资料的使用效率,后者可以提高资源的流通效率。
[Abstract]:Financial marketization reform has always been an important part of China's economic system reform, and the role of financial development in economic growth has been confirmed by the actual economic development. In order to increase the efficiency of the circulation and use of funds and to make the financial sector more effective in providing services for the development of the real economy, Total factor productivity (TFP) is the most important indicator of the level of economic development. It refers to the efficiency of a country's use of factors of production, The higher the level of total factor productivity is, the stronger the capacity of production is. The important way for financial development to promote the level of total factor productivity is to improve the liquidity supply level of social capital, and bring productive financing convenience to enterprises. It is beneficial for enterprises to expand their production, improve their R & D level, and improve their output efficiency. In order to improve the efficiency of the use of factors, this paper mainly studies the impact of financial marketization on the level of total factor productivity in China. On the basis of theoretical understanding, this paper clarifies the context by combing the literature. Then put forward the question and carry on the empirical analysis. This paper uses the Solow residual value method to measure the total factor productivity level of the provinces and cities in China. At the same time, the main component analysis method is used to measure the financial marketization index to reflect the marketization level, and the panel data model is used to test the impact of the financial marketization process on the total factor productivity. The process of financial marketization in China plays a significant role in improving the level of total factor productivity. The expansion of the financial sector and the improvement of the level of internal competition have to a certain extent promoted the progress of the level of total factor productivity. On the whole, the level of total factor productivity in our country is constantly improving, the level of total factor productivity in the eastern region is the highest, the level of total factor productivity in the western region is the lowest, the level of financial marketization in each region is not uniform, and the level in the eastern region is the highest. The improvement of the level of human capital and infrastructure construction can also help to improve the total factor productivity, the former is to improve the efficiency of the use of means of production, the latter can improve the efficiency of the circulation of resources.
【学位授予单位】：宁夏大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.5

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