经济货币化、信贷配置与经济增长——基于动态面板数据模型的GMM估计  

Economic Monetization,Credit Rationing and Economic Growth——An Empirical Study Based on Dynamic Panel Data Model with GMM Estimation

作　　者：贾清显[1] 朱铭来[2] 

机构地区：[1]钦州学院,钦州535000 [2]南开大学,天津300071

出　　处：《工业技术经济》2016年第3期23-30,共8页Journal of Industrial Technological Economics

基　　金：广西哲学社会科学规划研究课题"广西有效投资与经济增长研究"(项目编号:15FJL003)的阶段性成果

摘　　要：金融与经济增长关系研究的理论文献较多，且随着经济计量技术的发展，学者们逐步从更广范围和更深层次来实证检验二者的关系。本文基于内生经济增长理论，将金融因素纳入到改进型Cobb—Douglas生产函数中，并充分考虑到研究的时限性问题，收集了69个国家1991—2013年间的数据资料，利用动态面板数据模型GMM估计方法，以发达经济体与新兴市场和发展中国家为横截面单元，以新的视角检验经济货币化、信贷配置与经济增长的动态效应，结果表明经济货币化、信贷配置与经济增长之间存在动态关系，且对于不同经济体呈现的正负效应及弹性并非具有一致性。The theoretical literatttres on the relationship between financial development and economic growth were very much, and empirical tests to the relationship become a wider range and deeper with the development of econometric techniques. Based on endogenous economic growth theory, we will develop financial factors into the Modified Cobb-Douglas production function, and fully considering the timing of the study, we collected the data of 69 countries from 1991 to 2013, using Panel Data Model with GMM estimation, tested the dynamic effects of economic monetization, credit rationing and economic growth from a new perspective. The empirical results show that the dynamic relationship between economic monetization, credit rationing and economic growth exists, and the relationship that is positive and negative to different economies is not consistent.

关 键 词：经济货币化 信贷配置 内生经济增长 动态面板数据模型 

分 类 号：F061.2[经济管理—政治经济学] F830