摘要
本文从经济增长方式质量、经济增长过程质量和经济增长结果质量三个方面构建经济增长质量指标体系,根据中国1978-2010年的相关数据,运用向量自回归(VAR)模型从金融发展对经济增长质量三个方面的影响进行实证分析。研究发现,一是金融发展与经济增长方式质量和经济增长稳定性不存在长期稳定关系;二是金融发展对经济增长协调性的影响,短期是增强,长期是弱化;三是金融发展会降低经济增长持续性,提高经济增长结果质量。随着时间的推移,金融发展对经济增长持续性和经济增长结果质量变化的贡献越来越大,而对经济增长协调性变化的贡献非常有限。
The indicator system of economic growth quality is composed by three parts： economic growth mode quality, economic growth process quality and economic growth result quality. This paper focuses on the effects of financial development on economic growth quality with the data from 1978 to 2010 in China based on VAR model. It shows that the responses of economic growth coordination and economic growth result quality to financial development shocks are positive, while the responses of economic gro^h persistence are negative. The response of economic growth coordination to financial development is enhanced in the beginning and weakened latterly. The response of economic growth persistence to financial development is also weakened with time passing by. The impact of financial development on economic growth persistence and economic growth result quality will be increasingly strong with time passing by, while its contribution to economic growth coordination will be limited.
出处
《国际金融研究》
CSSCI
北大核心
2012年第11期30-39,共10页
Studies of International Finance
基金
2010年国家社科基金项目(10BJL035)
教育部人文社会科学重点研究基地2009年重大研究项目(2009JJD790023)
关键词
金融发展
经济增长质量
VAR模型
Financial Development
Economic Growth Quality
VAR Model
作者简介
马轶群，河海大学商学院博士研究生；
史安娜，河海大学商学院教授、博士生导师。
