财富效用、生产外部性与经济增长--中国宏观经济典型特征研究  

Wealth Utilities,Production Externalities and Economic Growth——Research on Three Characteristics of China's Macroeconomy

作　　者：邹卫星 房林[2] 

机构地区：[1]天津财经大学经济系,300222 [2]南开大学经济学院,300071

出　　处：《南开经济研究》2008年第3期49-67,共19页Nankai Economic Studies

基　　金：天津财经大学科研发展基金项目(Y0805)的阶段性研究成果;天津市哲学社会科学规划项目(TJJL08-009)

摘　　要：高增长、高投资和低消费是中国宏观经济的三大典型特征,关于其形成机制的系统研究还不多。本文将财富效用和生产外部性引入最优内生经济增长模型中,以系统解释这些特征。我们发现资本在效用中权重、生产外部性、生产效率、劳动增长率和折旧率决定着经济增长率和消费资本比的大小。比较研究显示,本文所建模型从财富效用和生产外部性等方面较好地解释了中国宏观经济的典型特征,并进一步分析了中国宏观经济相应的演进路径。High growth rate, high investment rate and low consumption rate are three typical characteristics of China＇s macroeconomy, but the systematic researches on its formation mechanisms is not enough. This paper introduces wealth utilities and production externalities to the optimal endogenous growth model in order to explain these macroeconomic features comprehensively. We find that both economic growth rate and consumption-capital ratio are determined by the weight of capital in utility, production externalities, production efficiency, labor growth rate and capital depreciation rate. Empirical studies show that from the perspectives of wealth utilities and production externalities, the three typical characteristics of China＇s macroeconomy could be explained.

关 键 词：经济增长 投资消费失衡 财富效用 生产外部性 

分 类 号：F124[经济管理—世界经济] F224