市场化进程与资本配置效率的改善  

Evolvement of Marketization and Improvement of Capital Allocation Efficiency

作　　者：方军雄[1] 

机构地区：[1]复旦大学管理学院

出　　处：《经济研究》2006年第5期50-61,共12页Economic Research Journal

基　　金：复旦大学金苗基金项目(2005)的阶段性成果

摘　　要：改革开放以后,我国市场化进程进一步加快,经过近十年的改革,我国经济的市场化程度已经显著提高。市场化改革对我国的经济发展带来了什么效应?是否提高了资本配置效率,进而促进了经济增长?本文借鉴Wurgler(2000)的资本配置效率估算模型,研究我国市场化进程对资本配置效率的影响。研究发现,随着市场化进程的深入,我国资本配置的效率有所改善。Since the reform and opening-up, China＇s economy has become more and more market orientated. We concern what effect the marketization has brought to our economic development, and whether it improved the capital allocation efficiency and facilitated economic development. This article studied the influence of marketization on capital allocation efficiency based on Wurgler（2000）model. And we found that Chinese capital allocation efficiency has improved with the deepness of marketization.

关 键 词：市场化进程 资本配置效率 转轨经济 

分 类 号：F224[经济管理—国民经济]