我国的经济发展在近些年来始终保持着良好的态势,而支撑经济增长的因素众多,其中,作为企业运行的必要前提的资金来源问题,是我们要重点关注的。传统的资金来源就是银行贷款,另外一个值得关注的渠道为外资。本文对这两个因素加以比较,运用实证分析工具来考察两者发挥作用的大小,从而对政策取向产生某些启示。 The economic development in our country has always maintained a good momentum in recent years. There are many factors that support economic growth. Among them, the issue of the source of funds as a necessary precondition for the operation of the enterprises is the focus of our attention. The traditional source of funding is bank loans. Another channel of concern is foreign investment. This article compares the two factors and uses empirical analysis tools to examine the role of both, so as to give some enlightenment on policy orientation.