摘要
汇率制度是否会影响经济增长一直以来都是汇率制度研究的一个重要议题。由于采用了不同的汇率制度分类方法、时间区间及国家样本,汇率制度与经济增长的关系一直没有定论。本文选择全球135个国家作为样本进行分类,采用IMF事实分类法作为汇率制度分类的重要依据,选取1999~2018年作为时间区间,进行实证分析发现:汇率制度对经济增长的影响具有异质性;对于发达国家,汇率制度对经济增长没有显著的作用;从新兴市场国家来看,中间汇率制度对经济增长有明显的正向作用;而对其他发展中国家而言,采用灵活性越低的汇率制度越有利于其经济增长。
Whether the exchange rate regime will affect economic growth has always been an important issue in the field of exchange rate regime.Due to the different exchange rate regime classification methods,time intervals and samples,the relationship between exchange rate regime and economic growth has not been finalized.Using IMF de facto classification as a basis classification of exchange rate regime,this paper empirically tests the choice of exchange rate regime to economic growth with a sample of 135 countries(1999-2018),the study results go as follows:the impact of exchange rate regime on economic growth is heterogeneous;For developed countries,the exchange rate regime has no significant effect on economic growth;For emerging market countries,the intermediate exchange rate regime has an obvious positive effect on economic growth;For other developing countries,the less flexible the exchange rate regime,the more conducive to their economic growth.
作者
崔瀚中
黄少安
CUI Hanzhong;HUANG Shaoan(The Center for Economic Research,Shandong University,250100)
出处
《制度经济学研究》
2022年第1期27-47,共21页
Research on Institutional Economics
关键词
汇率制度
经济增长
异质性
Exchange Rate Regime
Economic Growth
Heterogeneity
作者简介
崔瀚中,山东大学经济研究院博士研究生,地址:(250100)山东省济南市山大南路27号山东大学经济研究院,E-mail:cuihanzhong19@163.com;黄少安,山东大学讲席教授、博士生导师,地址:(250100)山东省济南市山大南路27号山东大学经济研究院。
