银行发展与经济增长:基于动态两部门模型研究  

Banking Development and Economic Growth:An Empirical Research Based on theDynamic Two-sector Model

作　　者：阳小晓[1] 包群[1] 赖明勇[1] 

机构地区：[1]湖南大学经济与贸易学院,湖南长沙410079

出　　处：《财经研究》2004年第11期42-51,共10页Journal of Finance and Economics

基　　金：国家社会科学重点基金(04AJL006);教育部人文社会科学研究项目(02JA790023)资助

摘　　要：通过对Feder(1983)模型引入适应性预期过程并考虑了双向外部效应,文章采用银行发展和经济增长的动态两部门模型,针对中国1978～2000年期间样本数据进行了实证分析,证实了银行发展和我国经济增长两者之间的因果关系。结果表明我国实际部门对银行部门的外部效应大于银行部门对实际部门的外部效应,说明我国银行发展基本处于"需求带动型"阶段,进一步的协整检验结果表明银行部门的外部效应主要体现在资本形成效应,而银行发展对资源配置效率改进的影响并不明显。By introducing the adapting expectance process into the Feder model(1983)and giving consideration to bi-direction exterior effects, the paper constructs the dynamic two-sector model analyzing banking development and economic growth. The empirical study based on the Chinese sample data from 1978 to 2000 proves the cause and result relationship between banking development and economic growth. The result shows that the external effect of the real sector on the financial sector is higher than that of vise verse. This outcome seems to imply that the Chinese banking development is fundamentally in the demand-following stage. Further co-integration tests results show that the exterior effects of the banking sector is mainly embodied in promoting the forming of capital, while the banking development does not have significant influence on the improvement of the efficiency of resources allocation.

关 键 词：外部性 资本形成 资源配置 供给引导 需求带动 

分 类 号：F832[经济管理—金融学]