中国股市、信贷市场扩张与经济增长的关系  

Relationship among Chinese stock market,credit market expansion and economic growth

作　　者：田成诗[1] 

机构地区：[1]东北财经大学统计学院,辽宁大连116025

出　　处：《大连海事大学学报（社会科学版）》2010年第3期1-4,共4页Journal of Dalian Maritime University(Social Science Edition)

基　　金：教育部人文社会科学重点研究基地重大研究项目(08JJD790127)

摘　　要：中国资本市场和经济增长关系的相关研究更多关注于股市扩张是有利于经济增长还是一个投机泡沫的结果,或者从银行角度对金融深化和发展与经济增长之间的关系进行单方面考察,却往往忽略三者之间关系的研究。实证分析中国股市、信贷市场和经济增长三者之间的关系,结果表明:中国股市和经济增长之间有很强的正相关作用,股市波动在一定程度上影响了中国经济的稳定增长,中国银行信贷增长对经济增长并没有表现出显著的促进作用,信贷市场和股市并没有表现出预计的在功能上相互补充的关系。The empirical analysis of Chinese capital market and economic growth paid more attention to whether the stock market development is conducive to economic growth or a result of speculative bubbles, or to the relationship between financial deepening or development and economic growth singly from the angle of bank, whereas the relationship among stock market, credit markets and economic growth was often neglected. The paper empirically analyzed the relationship among Chinese stock market, credit markets and economic growth. The results show that Chinese stock market and economic growth has a strong positive correlation; stock market volatility affected the stability of Chinese economic growth at a certain extent; the increasing credit of Chinese bank has no significant role in promoting economic growth; the credit market and stock market do not show the expected functional relationship of mutual complement between each other.

关 键 词：股市 信贷市场 经济增长 扩张 

分 类 号：F830[经济管理—金融学]