摘要
我国巨额居民储蓄转化投资困难 ,反映出投资动力不足 ,转化机制不完善和外资“替代”等问题 ,巨额储蓄长期未能转化为投资 ,势必对经济的健康发展带来负面影响。经济高速发展时期的国家和地区经验证明 :国民储蓄是投资的根本来源 ,储蓄转化为投资必须依托便捷高效的金融中介机制 ,储蓄超越国内投资需求后 ,良好的局面应是资本“进”“出”相融 ,优势互补 ,以适应一国经济向更高层次发展的需要。据此 ,我国应加强宏观调控 ,完善转化机制 ,增强投资信心 ,拓展运作空间 ,以强化投资转化 ,力创国内资本形成的最佳效益。
The low convertibility of substantive resident deposit into investment of our country reveals such problems as the lack of investment incentive, the imperfection of converting mechanism and the substitution of foreign capital. The failure of the conversion of substantive resident deposit into investment will hinder the healthy development of national economy. The experience of those countries and regions which have enjoyed the high-speed development of economy shows that the civil deposit is the fundamental source of investment, that the conversion of deposit into investment would depend on the highly convenient and efficient financial agencies and that the capital should be allowed to flow both into and out of a country in case that deposit surpasses domestic investment demand for further development of national economy. The author concludes that our country should enhance macro-regulation and perfect the conversion mechanism to boost up investment confidence and enlarge operation space so that the conversion of deposit into investment can be enforced and the best effect of domestic capital formation can be achieved.
出处
《金融研究》
CSSCI
北大核心
2001年第9期85-92,共8页
Journal of Financial Research
