摘要
古典经济学家大多认为金融发展能促进经济增长,以往国内外文献的研究中也不乏此类观点,但是随着近些年我国信贷市场、股票市场以及债券市场的不断扩张,金融市场也在快速繁荣的发展,其在整个经济体系中的影响也越来越重要,我们有必要在新的发展阶段重新验证其在经济增长中的作用。文章特选取1992—2009年间的数据进行实证研究,结果显示:经济增长是金融发展的格兰杰成因,但随着滞后期的延长,这种作用越发不明显,同时金融发展对经济增长的作用也是显著的。
Most of classical economists believed that financial development can promote economic growth. Many of previous literatures in domestic research supported such views. With the continuous expansion of credit market, stock market and bond market in recent years in China, financial market is developing rapidly and is playing an increasing important role in the whole economic system, but it is necessary for us to reverify its effect in economic development in the new stage of development. This paper selects the data during 1992~2009 for empirical research. The research shows economic growth has a complicated influence on economic development and the effect of financial development on economic growth is notable.
出处
《生产力研究》
2012年第7期39-40,51,共3页
Productivity Research
