摘要
文章在分析金融生态国际竞争力对经济增长的基本理论基础上,以金融生态国际竞争力的构成要素为解释变量说明金融生态国际竞争力对经济增长的直接作用,以金融生态国际竞争力与金融发展乘积说明金融生态国际竞争力对经济增长的间接作用,构建面板数据模型,并利用IMD2005年至2007年年鉴中的数据进行实证分析,得出如下的结论:金融生态国际竞争力及其各个要素对经济增长的作用大小并不显著,其对经济发展的促进作用是通过金融发展进而促进经济增长而形成的,且在这种间接作用中具有乘数效应;通过实证分析和中国金融生态的实际情况,本文提出中国在提升金融体系国际竞争力的同时,还应该注重乘数效应的发挥。
After analyzing the theory of international competitiveness of the financial ecology to economic growth, this paper takes the law environment, financial markets and the credit environment which are the three factors of international competitiveness of the financial ecology as explanatory, variables to illustrate the direct effect of international competitiveness of the financial ecology on economic growth, and use the product of international competitiveness of the financial ecology and economic growth to explain the indirect effect of them. Then, this paper builds a panel data model and tests it with the data of IMD Yearbook from 2005--2007. The conclusion is the in- ternational competitiveness of the financial ecology and its various elements influence economic growth inconspicuously, its role in promoting economic development is formed through financial development, and this indirect role has a multiplier effect. Finally, the paper proposes that in addition to enhancing the international competitiveness of the financial system, China should also pay attention to the multiplier effect play.
出处
《金融研究》
CSSCI
北大核心
2008年第4期199-206,共8页
Journal of Financial Research
基金
国家社科基金<金融体系竞争力统计模型及其应用研究>(项目编号:07BTJ007)
湖南大学"985"工程"经济开放与现代金融管理"资助项目
关键词
金融生态
国际竞争力
经济增长
financial ecology, international competitiveness, economic growth
