我国银行、股票市场与经济增长的实证检验  

The Empirical Analyses of Banks,Stock Market and Economic Growth in China

作　　者：王琛[1] 

机构地区：[1]中央财经大学经济学院,北京100081

出　　处：《石家庄经济学院学报》2006年第4期488-492,共5页Journal of Shijiazhuang University of Economics

摘　　要：利用1993年至2005年第二季度的季度数据对我国银行、股票市场与经济增长的关系进行实证检验,检验结果显示:以存款货币银行为主的金融中介相对于中央银行在信用配置中地位的上升和股票市场规模的扩大促进了我国经济增长,而金融深化却与经济增长负相关。在目前的股票市场格局下,应继续发挥银行在金融资源配置中的重要作用,但应优化信贷结构,重点支持非国有企业的融资要求。对于股票市场的发展,应鼓励投资者关心上市公司的治理结构,形成投资型的股票市场。This paper examines the relationship between economic growth and banks ＆ stock market based on every second season data from 1993 to 2005. The results show that the optimization of credit and the expanding of stock market can promote the economic growth, but nor to the financial deepening. Owing to the stock market can＇ t be improved in short period, the role of financial intermediaries is important. We should satisfy the credit demand of private enterprises. For stock market, we should encourage the investors to improve the company governance so as to form a stock market for investment.

关 键 词：银行 股票市场 经济增长 信贷结构 

分 类 号：F830.91[经济管理—金融学]