金融发展对我国制造业资本质量的影响分析

发布时间：2018-05-15 22:28

本文选题：金融发展 + 资本质量　；参考：《经济问题探索》2016年08期

【摘要】：本文在定义制造业资本质量的基础上,使用LMDI分解出我国制造业资本规模效应、资本生产率效应和资本配置效应,然后通过VAR模型实证检验了金融发展对我国制造业资本质量的长期动态影响。结论显示:一是资本生产率效应对我国制造业产出的贡献最大,并呈逐步上升趋势,资本规模效应的贡献次之,其波动性较大,而资本配置效应的贡献最弱,也是最为稳定的效应;二是金融发展与我国制造业资本规模效应、资本生产率效应和资本配置效应存在长期稳定关系。金融发展在短期内显著推动制造业资本规模效应的提升,中长期看,推动作用逐渐消失。金融发展对制造业资本质量的推动作用具有长期性;三是金融发展对我国制造业资本规模效应、资本生产率效应和资本配置效应变化的贡献均呈上升趋势。相对而言,金融发展对资本配置效应变化的贡献最多,对资本生产率效应变化的贡献次之,对资本规模效应变化的贡献最少。
[Abstract]:Based on the definition of manufacturing capital quality, this paper uses LMDI to decompose the capital scale effect, capital productivity effect and capital allocation effect of Chinese manufacturing industry. Then the paper empirically tests the long-term dynamic influence of financial development on the capital quality of China's manufacturing industry through VAR model. The conclusions are as follows: first, the contribution of capital productivity effect to Chinese manufacturing output is the greatest, and the contribution of capital scale effect is the second, and the contribution of capital allocation effect is the weakest, while the contribution of capital productivity effect to Chinese manufacturing output is the biggest, and the contribution of capital scale effect is the second. Second, the financial development has a long-term stable relationship with the scale effect of manufacturing capital, the effect of capital productivity and the effect of capital allocation. Financial development in the short term significantly promotes the scale effect of manufacturing capital, in the medium and long term, the role of promotion gradually disappear. Third, the contribution of financial development to the capital scale effect, capital productivity effect and capital allocation effect of China's manufacturing industry is on the rise. Comparatively speaking, financial development has the most contribution to the change of capital allocation effect, followed by the change of capital productivity effect, and the least contribution to the change of capital scale effect.
【作者单位】：山西财经大学;南京大学;
【基金】：教育部人文社会科学重点研究基地重大项目“江浙沪现代经济发展模式比较分析”(14JJD790016),项目负责人:李晓春南京大学中国社会主义市场建设协同创新项目资助
【分类号】：F424;F832.5

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