投资-储蓄关系视角下中国省际资本流动性研究——基于省级面板数据的分析  

A Study on the Interprovincial Capital Mobility from the Perspective of Investment- Savings Relationship——Based on the Analysis of Provincial Panel Data

作　　者：洪勇[1] 

机构地区：[1]九江学院经济与管理学院,江西九江332005

出　　处：《云南财经大学学报》2016年第2期62-70,共9页Journal of Yunnan University of Finance and Economics

基　　金：国家社会科学基金项目"企业规模分布视域下的中部地区城市规模分布与产业圈层耦合机制研究"(13BJY047);国家自然科学基金项目"中国广义贸易成本的测度及对贸易发展影响的经验分析"(71263016);教育部人文社会科学研究青年基金项目"中国制造业参与国际分工的代价测度:生态效率的视角"(15YJC790042)

摘　　要：基于1978—2012年中国省级面板数据，使用F—H模型从总量层面和私人层面研究了中国省际资本流动问题。研究结果显示，不管是总量层面还是私人层面，投资-储蓄间的相关关系都比较高，表明资本在省际间的流动性比较低，并且资本在私人层面的流动性比总量层面还要低，这意味着各级政府在省际资本流动过程中起到了积极作用；此外，将1978～2012年划分为1978～1993年和1994—2012年两个时期进行研究发现，后一时期资本在省际间的流动性有所提高，省际资本流动性呈现出增强的趋势。最后，基于研究结论，提出了相应的政策建议。This paper uses F - H model to study the interprovincial capital flows in total and private levels based on the provincial panel data from 1978 to 2012 in China. The results show that the correlation between investment and savings is high both in total and private level, which indicates the low interprovincial capital mobility. What＇ s more, the capital mobility in the private level is even lower than that of the total level, which shows that governments have played a posi- tive role in interprovincial capital flows. In addition, by dividing the period of 1978 to 2012 into 1978 to 1993 and 1994 to 2012, this paper finds out that the degree of interprovincial capital mob- ility in the latter period has improved, and the mobility tends to increase. Finally, based on the research findings, the paper proposes corresponding policy recommendations.

关 键 词：省际资本流动 F—H模型 面板单位根 面板协整 

分 类 号：F21[经济管理—国民经济]