后危机时代外部冲击对我国工业品价格指数的动态传导及结构特征分析  

Dynamic Transmission and Structural Characteristics of External Shocks on China’s PPI Index after the International Financial Crisis

作　　者：高川 黄健柏[1] GAO Chuan;HUANG Jianbai(School of Business, Central South Universtiy, Changsha,Hunan 410083, China;Institute of Agricultural Products Processing, Hunan Academy of Agricultural Sciences, Changsha,Hunan 410125, China)

机构地区：[1]中南大学商学院,湖南长沙410083 [2]湖南省农业科学院农产品加工研究所,湖南长沙410125

出　　处：《财经理论与实践》2020年第3期124-131,共8页The Theory and Practice of Finance and Economics

基　　金：国家自然科学基金重点项目(71633006)。

摘　　要：基于SVAR模型,考量次贷危机前后外部冲击对工业品价格指数的动态影响及结构性传导。结果表明:国际金融危机爆发以来,外部冲击对我国工业品价格指数的影响呈现增强趋势,并且国际大宗商品价格冲击是最重要因素;在结构特征上,外部冲击效应具有不完全性,对生产资料PPI的影响较大,对生活资料PPI的影响较小,显示外部冲击效应的传导具有不完全性,黏滞在生产流通领域不能顺利传导至消费领域。Based on the SVAR model,this paper analyzes the structural transmission of external shocks to the PPI index before and after the international financial crisis.The results show that the impact of external shock on China's PPI index is further exacerbated,and the international commodity price has become the primary factor in place of the international liquidity after the international financial crisis.In the structural characteristics,the external shock effect is incomplete,the impact on the price index of means of production is strong,and the impact on the price index of means of life is small,which shows that the transmission of external shock effects is incomplete,sticking in the field of production and circulation,and cannot be smoothly transmitted to the field of consumption.

关 键 词：外部冲击 结构性传导 工业品价格指数 SVAR模型 

分 类 号：F415[经济管理—产业经济]