中国金融规模、金融结构与经济增长——基于省区面板数据的实证研究
财经研究 2011 年 第 37 卷第 11 期, 页码:51 - 61
摘要
参考文献
摘要
文章运用我国省区1990-2004年面板数据,系统考察了金融规模、银行集中度、直接融资比例及其他相关控制变量对各地区经济增长的影响。文章通过运用固定效应模型、工具变量法和动态面板数据模型,发现目前金融规模扩张不利于经济增长,而改善金融结构、降低银行集中度以及提高中小金融机构在银行业中所占比重则会增加银行业竞争、促进经济增长。
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[2]范学俊.金融体系与经济增长:来自中国的实证检验[J].金融研究,2006,(3):57-66.
[3]林毅夫,孙希芳.银行业结构与经济增长[J].经济研究,2008,(9):31-45.
[4]谈儒勇.中国金融发展和经济增长关系的实证研究[J].经济研究,1999,(10):53-61.
[5]赵振全,薛丰慧.金融发展对经济增长影响的实证分析[J].金融研究,2004,(8):94-99.
[6]中国经济增长与宏观稳定课题组.金融发展与经济增长:从动员性扩张向市场配置的转变[J].经济研究,2007,(4):4-17.
[7]周黎安,陶婧.政府规模、市场化与地区腐败问题研究[J].经济研究,2009,(1):57-69.
[8]周业安,赵坚毅.我国金融市场化的测度、市场化过程和经济增长[J].金融研究,2005,(4):68-78.
[9]Allen F,Gale D.Diversity of opinion and financing of new technologies[J].Journal ofFinancial Intermediation,1999,8:68-89.
[10]Beck T,Levine R.Stock markets,banks and growth:Panel evidence[J].Journal ofBanking and Finance,2004,28:423-442.
[11]Chakraborty S,Ray T.Bank based versus market based financial system:A growththeoretic analysis[J].Journal of Monetary Economics,2006,53:329-350.
[12]Goldsmith R.Financial structure and development[M].New Haven:Yale UniversityPress,1969.
[13]King R G,Levine R.Finance,entrepreneurship,and grwoth:Theory and evidence[J].Journal of Monetary Economics,1993,32:513-542.
[14]La Porta R,Lopez-de-Silanse F,Shleifer A.Government ownership of banks[J].Jour-nal of Finance,2002,57:265-301.
[15]La Porta R,Lopez-de-Silanse F,Shleifer A,Vishny R W.Law and finance[J].Journalof Political Economy,1998,106:1113-1155.
[16]Levine R.The legal environment,banks and long-run economic growth[J].Journal ofMoney,Credit and Banking,1998,30:596-620.
[17]Levine R.Law,finance and economic growth[J].Journal of Financial Intermediation,1999,8:8-35.
[18]Levine R,Loayza N,Beck T.Financial intermediation and growth:Causality and causes[J].Journal of Monetary Economics,2000,46:31-77.
[19]Levine R,Zervos S.Stock markets,banks and economic growth[J].American EconomicReview,1998,88:537-558.
[20]Mackinnon R I.The order of economic liberalization:Financial control in the transitionto a market economy[M].Baltimore:Johns Hopkins University Press,1973.
[21]Rajan R G,Zingales L.Which capitalism?Lessons from the East Asian crisis[J].Jour-nal of Applied Corporate Finance,1998,11:40-48.
[22]Robinson J.The generalization of the general theory and other essays[M].The 2ndEdition.London:Macmillan,1979.
[23]Schumpter J A.A theory of economic development[M].Cambridge,MA:Harvard Uni-versity Press,1911.
[24]Shaw A S.Financial deepening in economic development[M].New York:Oxford Uni-versity Press,1973.
[25]Shleifer A,Vishny R W.A survey of corporate government[J].Journal of Finance,1997,52:737-783.
[26]Tadesse S.Financial architecture and economic performance:International evidence[J].Journal of Financial Intermediation,2002,11:429-454.
引用本文
王勋, 赵珍. 中国金融规模、金融结构与经济增长——基于省区面板数据的实证研究[J]. 财经研究, 2011, 37(11): 51–61.
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