关于我国国际资本流动影响因素计量模型的构建和分析

An Econometric Study of Determinants of Capital Movement in China

本文对我国国际资本流动影响因素进行了比较深入的计量分析。第一部分分析比较和概括总结了国际学术界关于国际资本流动影响因素的现有理论的研究成果,总结了影响国际资本流动的一般因素。第二部分在参考第一部分研究的基础上,构建了我国国际资本流动影响因素的模型,对利率、汇率、通货膨胀率、开放度以及政策变量等因素对我国国际资本流动的影响进行了计量分析,并提出相关政策建议。

This paper makes an in depth econometric studies of determinant of capital movement in China. In the first part, the author analyzes and summarizes theoretical researches on the factors affecting international capital movements, and then summarizes the general factors affecting international capital movements. In the second part, the author, based on the conclusions in the first part, constructs an econometric model for the factors and analyzes the extent of such factors as interest rate, exchange rate, inflation rate, openness and policy to which they affect international capital movements in China. The paper concludes with some policy suggestions.