摘要
在开放经济条件下,国外资本的流入和对外投资都直接影响着储蓄投资的均衡水平。传统的两缺口模型仅仅论及储蓄投资均衡中的外国资本流入而没有涉及对外投资,因而既不能解释存在相对储蓄过剩情况下的外国资本的流入问题,也不能为发展中国家对外投资提供理论依据。将引进外资与对外投资结合起来进行考察,可以看出:无论是储蓄相对短缺还是储蓄相对过剩,都需要协调引进外资和对外投资的关系,以提高储蓄投资的均衡水平。目前,我国经济运行中存在着储蓄相对过剩与引进外资的矛盾,因此,加强对我国引进外资与对外投资的宏观协调势在必行。
Foreign capital inflow and external investment affect directly savinginvestment equilibrium in the conditions of opening. Traditional twogap model explains merely the relation between foreign capital inflow and two gaps, it does not deal with foreign investment in developing countries, therefore it cannot explain foreign capital inflow in the condition of relative overmuch saving, nor can it provide a sound basis for the developing countries to invest in foreign countries. With research in the savinginvestment equilibrium under the condition of opening and analysis of the effects of foreign capital inflow and external investment on savinginvestment equilibrium, this paper demonstrates that the harmony between foreign capital inflow and external investment is indispensable to increase savinginvestment, no matter what a saving gap there is. The contradiction between foreign capital inflow and relative overmuch saving in China is analyzed, the approach to harmonize the relation between foreign capital inflow and external investment under the condition of relative overmuch saving in China is discussed.
出处
《中国人民大学学报》
CSSCI
北大核心
2003年第6期75-82,共8页
Journal of Renmin University of China
关键词
储蓄率
储蓄投资
对外投资
外资
储蓄相对过剩
relative overmuch saving
absolute saving-investment gap
relative saving-investment gap
