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本文选取了中国2000-2010年省级面板数据,探讨了中国金融发展与经济增长和质量,以及投资规模和效率的关系。实证结果表明,中国金融发展对经济增长和投资规模具有正向的影响,而对以全要素生产率为代表的经济增长质量和以产出与投资比为代表的投资效率具有负相关关系,表明中国金融发展贡献仍有提升空间,依据实证结果提出有依据的政策建议,即保持金融发展速度同时重视质量的改善。
This paper selected provincial panel data from 2000 to 2010 in China and explored the relationship between China’s financial development and economic growth and quality, as well as the scale and efficiency of investment. The empirical results show that the financial development in China has a positive impact on economic growth and investment scale, but has a negative correlation with the economic growth represented by total factor productivity and the investment efficiency represented by output-investment ratio. It shows that China There is still room for improvement in the contribution to financial development. Based on the empirical results, we put forward some policy suggestions based on the principle of maintaining the pace of financial development while improving quality.