摘要
探讨资本市场化与经济增长的关系,发现其中存在的问题,对于经济可持续发展具有十分重要的意义。本文通过实证分析发现,资本对经济的影响不仅有当期的,还有滞后两期的效应;资本边际效率与市场化水平及资本存量有关,反映资本市场化水平的指标间存在替代效应。在此基础上,针对资本边际效率低位波动现象,本文提出了两个有益的政策性建议:完善投融资制度,提高资源利用效率;建立先行指标体系,提高宏观调控效果。
From research on the relationship between capital market and economic increase, we have found that the problems existed are very important to the continuous development of economy. Through dynamic model demonstration, it discovers that current and behindhand influences of capital to economy exist simultaneously. The capital marginal utility is affected by the market and capital accumulation. There is also substitute effect between market targets. Based on the above, some proposes are put forward.
出处
《中国流通经济》
CSSCI
北大核心
2008年第7期73-76,共4页
China Business and Market
基金
北京物资学院科技创新平台金融期货子平台的资助
关键词
资本市场化
资本边际效率
经济增长
capital market
capital marginal utility
economic increase
