银行业市场结构对中国经济增长的影响研究:理论机制与经验证据  

A Study on the Impact of Banking Market Structure on China’s Economic Growth:Theoretical Mechanism and Empirical Evidence

作　　者：范瑞[1] 王书华[1] Fan Rui;Wang Shuhua

机构地区：[1]山西财经大学金融学院

出　　处：《宏观经济研究》2020年第7期17-32,96,共17页Macroeconomics

基　　金：国家社科基金项目“流动性风险约束与中国商业银行资本结构的动态调整机制研究”(15BJY178);山西省高等学校科学研究优秀成果培育项目“山西省高等学校科学研究优秀成果培育项目”(2019SK024);山西省高等学校人文社会科学重点研究基地项目“资源型经济转型中的金融集聚及其协同效应分析”(201801023)的资助。

摘　　要：面对复杂的国内外形势,中国经济的行稳致远亟需银行业市场结构改革的添薪助力。本文建立了包含异质性企业和银行的经济增长模型,采用2005—2018年的省级面板数据,使用系统GMM方法,验证了银行业市场结构对经济增长的影响。研究表明:中小银行市场份额的提升能够有效促进中国经济增长。进一步研究表明:银行业市场结构调整促进经济增长的影响效应因经济发展阶段、禀赋和时间的不同而存在差异,高经济发展阶段、东部地区以及金融危机后的银行业市场结构调整能产生更大的经济增长效应。渐进式放宽银行业市场准入,鼓励东部地区和经济发达地区增加中小银行业数量和比重是调整银行业市场结构、促进经济增长的有效途径。Facing the complicated domestic and international situation, the stability of China’s economy is in desperate need of the salary increase assistance of the banking market structure reform. This paper establishes an economic growth model that includes heterogeneous companies and banks, uses provincial panel data from 2005 to 2018, and uses the system GMM method to verify the impact of the banking market structure on economic growth. Research shows that the increase in market share of small and medium-sized banks can effectively promote China’s economic growth. Further research shows that the effects of the adjustment of the banking market structure on economic growth vary depending on the stage of economic development, endowment, and time. The adjustment of the banking market structure in the high economic development stage, the eastern region, and post-financial crisis can produce greater economic growth effect. Gradually easing the market access of the banking industry and encouraging the eastern and economically developed regions to increase the number and proportion of small and medium-sized banking industries are effective ways to adjust the banking market structure and promote economic growth.

关 键 词：银行业市场结构 经济增长 动态面板 系统GMM方法 

分 类 号：F832[经济管理—金融学] F124.1