摘要
本文以Aghion-Howitt内生增长理论为基础,建立了金融对经济增长作用机制的分析框架。运用这一框架,本文对美国经济增长和金融体系的作用进行了研究,认为美国金融体系既能够有效地促进资本积累,也能够推动创新,从而保持经济的平衡稳定增长,最后,结合两次金融危机指出了美国金融体系的内在缺陷。
Introducing financial sector into Aghion-Howitt Endogenous growth theory,this paper constructs an integrated framework describing the mechanisms of finance to promote growth.Using this framework,we examine the stylized facts of U.S.' economic growth and the role of its financial system.The results indicate that U.S.has developed a well-functioned financial sector,which can promote innovation and capital accumulation effectively and keep economy growing on a balanced path.At last,this paper points out the forthcoming of U.S.' financial system.
出处
《世界经济研究》
CSSCI
北大核心
2008年第11期54-59,共6页
World Economy Studies
