农村正规金融发展与经济二元转型:促进抑或抑制?  

Rural Formal Financial Development and Dual Economic Transformation:Promotion or Inhibition?

作　　者：许月丽[1,2] 张忠根[1] 

机构地区：[1]浙江大学农业与农村发展研究中心,浙江杭州310029 [2]浙江理工大学经济与管理学院,浙江杭州310018

出　　处：《财经研究》2013年第4期4-15,共12页Journal of Finance and Economics

基　　金：国家社科基金项目(12BJY099);浙江省自然科学基金项目(Y6110248)

摘　　要：不同于以往研究主要以信息经济学为理论基础,文章从一个新的视角———经济二元转型,对中国农村正规金融发展的经济绩效重新进行了审视。以费—拉的二元转型增长模型为基础,文章首先构建了以工农两部门金融市场为纽带的城乡经济互动的一般均衡模型,并在这一理论架构下对农村金融与经济二元转型的关系进行了规范分析,进而提出了一个假说。在此基础上,文章利用既考虑理论又考虑变量长期互动关系的SVAR模型对理论假说进行了验证。实证结果表明,在控制其他因素的条件下,以市场自然演进机制为基础的工农部门间金融市场的发展可以促进二元转型增长。Different from past studies taking information economics as the main theoretical basis, this paper reexamines economic performance of rural formal financial development in China from a new perspective of dual economic transformation. Based on Fei-Ranis model of dual transformation growth, it constructs a general equilibrium model of urban and rural econom- ic interaction based on financial markets of industrial and agricultural sec- tors. Then it makes a normative analysis of the relation ship between rural finance and dual economic transformation and proposes a hypothesis. This paper employs a SVA model in consideration of the theoretical hypothesis and the long-term interaction among variables to verify the theoretical analy- sis abovementioned. The empirical results show that, after the control of other factors, the development of financial markets between industrial and agricultural sectors based on the mechanism of natural market evolution is contributive to dual transformation growth.

关 键 词：二元转型 农村金融发展 区间效应 

分 类 号：F061.3[经济管理—政治经济学] F83