论文部分内容阅读
金融发展与经济波动的关系一直是经济学者关注的焦点,但从金融结构角度对经济波动进行探讨的文献尚不多见。笔者基于中国2001年~2012年省际面板数据,采用固定效应模型,研究了金融结构变动对经济波动的影响。结果表明,在全国样本范围内,我国金融结构的变动抑制了经济波动,且金融结构对经济波动的平抑效应具有滞后性。在分地区讨论中,沿海地区金融结构变动对经济波动的平抑效应大于内陆地区金融结构变动对经济波动的平抑效应。
The relationship between financial development and economic fluctuations has always been the focus of economists’ attention. However, the literature on economic fluctuations from the perspective of financial structure is still rare. Based on China’s inter-provincial panel data from 2001 to 2012, the author uses a fixed-effects model to study the impact of changes in financial structure on economic fluctuations. The results show that within the scope of the national sample, the fluctuation of China’s financial structure inhibits the economic fluctuation, and the lagging effect of the financial structure on the stabilizing effect of economic fluctuations. In the sub-regional discussions, the stabilizing effect of changes in the financial structure of the coastal areas on the economic fluctuations is greater than the stabilizing effect of fluctuations in the financial structure in the inland regions on the economic fluctuations.