产权制度、金融结构和我国金融发展效率的实证检验  

An Empirical Study of Economic Structure,Property Right Institution and Financial Growth Efficiency in China

作　　者：王林辉[1] 董直庆[1,2] 

机构地区：[1]东北师范大学经济学院,吉林长春130117 [2]吉林大学数量经济研究中心博士后流动站,吉林长春130012

出　　处：《东北师大学报（哲学社会科学版）》2008年第6期166-172,共7页Journal of Northeast Normal University(Philosophy and Social Science Edition)

基　　金：国家社会科学基金青年项目(06CJL009,08CJY013);中国博士后科学基金项目(20060390910);东北师范大学人文社会科学青年基金项目(06QN008)

摘　　要：笔者在回顾当前金融发展文献基础上,探讨产权制度、金融结构和金融发展关联性,利用我国金融时序数据进行实证检验,并考察金融发展效率问题。检验结果表明:(1)经济发展水平、产权制度和金融结构决定金融发展效率,也是我国金融发展的根本决定因素。(2)银行业越集中即国有金融控制程度越高,金融业发展水平越低,发展速度越慢。其中利率与金融发展水平呈正相关关系,实际利率RR是金融发展的Granger因。(3)金融发展和经济增长只存在单向因果关系,我国金融发展更多地表现为经济增长的结果而非原因。因此,只有改革金融产权结构,实现产权多元化并形成与经济结构相匹配的竞争型金融结构,才能最终实现我国金融发展效率。The paper reviews the present literature,and does further research on the relationship of the property institution, the financial structure and the financial development,and uses the Chinese series data to study the relationship and the efficiency of the financial development. The empirical test shows that： （1）the level of economic growth, the property institution and financial structure determine the efficiency of financial development,and all these factors are the determinant factors of financial development. （2）the concentration ratio of the bank industry is more high, financial development grows lower. And the rate is positive relationship with financial development, the real rate RR is the cause of financial development. （3） there is the single causality relationship of financial development and economic growth,and financial development is the result of economic growth. So only if there is to reform the financial property structure of finance, and to realize the multi- property and the competitive financial structure, it is finally to realize the efficiency of financial development.

关 键 词：产权制度 金融结构 金融发展 

分 类 号：G14[文化科学] G21