经济虚拟化与储蓄—投资失衡:对美国经常账户逆差的解释  

The Effects of the Development of the Fictitious Economy on the Imbalance between Saving and Investment——An Explanation for the Deficit in America's Current Account

作　　者：胡晓[1] 

机构地区：[1]湖南科技大学商学院,湖南湘潭411201

出　　处：《经济与管理评论》2016年第1期22-28,共7页Review of Economy and Management

基　　金：国家社会科学基金重大项目"我国发展实体经济的战略;政策和制度研究--基于实体经济与虚拟经济数量关系的视角"(项目编号:13&ZD018);湖南省社会科学基金一般项目"全球经济再平衡期湖南开放型经济发展的新动力及模式研究"(项目编号:13YBA141);湖南省教育厅科学研究项目"结构视角下的我国经济外部不平衡及治理研究"(项目编号:13C285)的阶段性成果

摘　　要：美国经常账户逆差是当前世界经济再平衡的核心问题,本文在对美国经常账户逆差本质分析的基础上,从虚拟经济的视角对其进行了理论分析。研究表明:美国经常账户逆差本质上是国内储蓄—投资失衡(储蓄—投资负缺口)的外部体现,虚拟经济过度发展对消费和投资的非对称影响导致了投资需求相对消费需求不足,最终导致持续的储蓄—投资负缺口,对外则表现为持续的经常账户逆差。文章最后利用美国的数据对理论分析的结论进行了实证检验,结果支持理论分析的结论。The deficit in Americag current account is the core problem to rebalance the world economy. Based on the analysis of the nature of the deficit in America＇s current account, the paper makes a theoretical analysis in terms of the development of the fictitious econonly. The results show that the essence of the deficit in America＇s current account is the external embodiment of the domestic imbalance between saving and investment and the overdevelopment of the fictitious economy is one of the important factors that led to the imbalance between saving and investment. The asymmetric impacts of the development of the fictitious economy on consumption and investment led to the lack of investment demand relative to consumption demand, and finally led to the continuous negative gap between the saving and investment. And the continuous current account deficit is the external embodiment of the domestic imbalance between saving and investment. Finally ,the paper uses the data to empirically test the conclusions of theoretical analysis and the results support the conclusions.

关 键 词：虚拟经济 储蓄—投资失衡 经常账户逆差 

分 类 号：F820[经济管理—财政学]