“资产短缺”假说、测度及中国的应对  

Asset Shortage,Measure and China's Response

作　　者：邢军峰[1] 范从来[1] 

机构地区：[1]南京大学商学院

出　　处：《南京社会科学》2014年第2期17-22,32,共7页Nanjing Journal of Social Sciences

摘　　要：资产需求是由经济体的价值储存需要与抵押需要构成;资产供应由资产的基础价值构成,其取决于未来资产收益的贴现值。二者相等时,资产市场达到供需均衡。资产供应赶不上资产需求时,则产生资产短缺状态。文章改进了资产短缺指数,并计算了中国的资产短缺状况,结论表明中国存在着严重的资产短缺。应对措施主要有正视资产短缺,妥善管理资产泡沫和大力发展金融,以消除资产短缺。Asset demand includes the needs to store the value ofthe economy ann mortgage; assets supply includes the fundamental value of the asset, which depends on the discounted value of the future return on assets. If asset demand equals asset supply, asset markets reach a equilibrium of supply and demand. If assets supply can not keep pace with the asset demand, assets shortages gen- erate. Article improved asset shortage index and calculate assets shortages. The conclusion shows that there has been being a serious shortage of assets in China. We should learn to manage the bub- ble and prevent the devastating effect of bubble burst. To eliminate shortages, the fundamental measure is finance development to increase assets supply.

关 键 词：资产短缺 短缺指数 金融发展 

分 类 号：F123.16[经济管理—世界经济]