摘要
以现代国民收入决定理论为基础,分两个阶段探讨金融发展经由总需求要素传导,引致经济增长的途径。研究结论表明,20世纪90年代中期以前,金融发展对经济增长的影响途径较为单一,主要通过银行信贷———投资传导实现;90年代中期至今,主要通过银行信贷———投资,资本市场———投资和汇率———出口传导机制实现;从长期看利率———消费信贷的传导作用会增强。
Based on the modern theory of NI, this paper discusses the approaches by which financial deepening causes economic growth through demand elements in two phases. It is concluded that the influence approach of finance development to economic growth is monotonous before the middle of 1990s, it is mainly realized by bank credit-investment. After 1994, it is mainly realized by bank credit-investment, capital market-investment and exchange rate-export. The effect of interest rate-consumption will be more powerful in the long run.
出处
《石家庄经济学院学报》
2006年第2期197-202,共6页
Journal of Shijiazhuang University of Economics
关键词
金融发展
经济增长
总需求传导
finance development
economic growth
the conduction of total-demand
