我国工业实际投资分配效率及影响因素——基于省级数据的实证分析

发布时间：2018-04-15 09:01

本文选题：投资分配效率 + 金融发展　；参考：《调研世界》2016年07期

【摘要】：本文通过对我国30个省、直辖市、自治区17个制造业行业2006—2012年的相关数据进行考察,基于我国投资现状设定固定资产投资的工业销售量弹性为投资分配效率指标,研究金融发展、FDI及相关控制变量对投资分配效率的影响。实证分析结果显示,银行信贷总量改善了投资分配效率,私人部门银行信贷对投资分配效率的作用不明显,证券市场规模与FDI对投资分配效率均存在负面影响,银行信贷总量、私人部门银行信贷、证券市场规模与FDI之间都存在显著的竞争和挤出效应。
[Abstract]:Based on the data of 17 manufacturing industries from 2006 to 2012 in 30 provinces, municipalities and autonomous regions in China, the paper sets the industrial sales volume elasticity of fixed asset investment as the investment allocation efficiency index based on the present investment situation in China.This paper studies the influence of FDI and related control variables on the efficiency of investment allocation.The empirical results show that the total amount of bank credit improves the efficiency of investment allocation, the effect of private sector bank credit on the efficiency of investment allocation is not obvious, the scale of securities market and FDI have negative effects on the efficiency of investment allocation, and the total amount of bank credit is not obvious.There is significant competition and crowding out effect between private sector bank credit, securities market size and FDI.
【作者单位】：中国人民大学经济学院;
【分类号】：F224;F424.2

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