金融发展、融资约束与中国本土企业出口绩效——基于省际面板数据的经验研究被引量：20

Financial Development,Financial Constraints and the Export Performance of Chinese Indigenous Firms:An Empirical Study by Cross-Provincial Panel Data

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摘要通过纾缓融资约束提高企业出口能力是开放条件下金融发展影响一国(地区)经济增长的重要渠道之一。本文利用1999～2006年省际面板数据,构建衡量金融发展的综合指标体系,运用系统广义矩估计方法进行实证研究发现:我国金融发展有限地促进了本土企业的出口增长;尽管非国有本土企业和中小企业对出口贡献呈上升趋势,但难以从正规金融体系中获取充分的融资支持,国有银行寡头垄断的金融市场结构抑制了本土企业出口绩效的持续增进。本文得出的政策建议是进一步深化金融改革,为企业改善贸易竞争力提供合理有效的外部环境。 Promoting firms' export ability by relaxing financial constraints is one of the most important channels through which financial development affects economic growth under openness.The empirical result using cross-provincial panel data from 1999～2006 shows that Chinese financial development promotes indigenous firms' export.While non-state-owned indigenous firms including small and medium enterprises with increasing contribution to export expansion are difficult to get access to credit from formal financial system,so financial market structure characterized with state-owned commercial banks oligarch monopoly restrains the sustainable improvement of indigenous firms' export performance.

作者林玲李江冰李青原

机构地区武汉大学经济与管理学院

出处《世界经济研究》 CSSCI 北大核心 2009年第4期45-50,共6页 World Economy Studies

基金教育部人文社科基金项目<经济全球化背景下中美贸易利益分配研究>(编号:08JA790096)支持

关键词金融发展本土企业出口融资约束

分类号 F832 [经济管理—金融学] F752 [经济管理—国际贸易] F224 [经济管理—国民经济]

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