外来资本、私人资本与中国经济增长

发布时间：2019-07-09 16:05

【摘要】：各种不同经济类型的资本对长期经济增长所发挥的作用不同,目前学术界的注意力普遍集中在FDI技术外溢效应的存在与否及其跨国验证,然而关于中国的外来资本和私人资本对经济增长的作用比较尚鲜有研究。本文在研究过程中参考了国际上近年来针对FDI技术外溢提出的"吸收能力"概念,通过较为翔实的文献考证及严密的理论分析后,选取各地区人力资本、贸易开放度、研发能力、基础设施水平、金融中介深度五个变量作为影响外资与私人资本相对优劣的因素。针对中国6个地区1994~2011年的面板数据进行的经验研究表明,在全部外来资本与私人资本的比较中,人力资本、研发能力、基础设施水平、金融中介深度均与外国资本相互作用从而促进后者对经济增长的贡献。然而,促进了私人资本在经济增长中的贡献的因素只有人力资本和贸易开放度,研发能力和金融中介深度对私人资本的贡献没有显著影响。最后,笔者针对本文的研究结论给出了政策建议。
[Abstract]:Different types of capital play different roles in long-term economic growth. At present, academic attention is generally focused on the existence of FDI technology spillover effect and its transnational verification. However, there is little research on the role of foreign capital and private capital in China's economic growth. In the course of the research, this paper refers to the concept of "absorptive capacity" put forward by the world in recent years for the spillover of FDI technology. Through more detailed literature research and strict theoretical analysis, five variables, namely, human capital, trade openness, R & D ability, infrastructure level and financial intermediary depth, are selected as the factors that affect the relative advantages and disadvantages of foreign capital and private capital. Empirical studies on panel data from 1994 to 2011 in six regions of China show that human capital, R & D capacity, infrastructure level and financial intermediary depth interact with foreign capital to promote the contribution of the latter to economic growth. However, the only factors that promote the contribution of private capital to economic growth are human capital and trade openness, and the R & D ability and the depth of financial intermediary have no significant impact on the contribution of private capital. Finally, the author gives policy recommendations for the conclusions of this paper.
【作者单位】：首都企业改革与发展研究会;
【分类号】：F124.1

【参考文献】