金融发展实证研究的10年回顾

Study on Growth-Financial Development Nexus in Last 10 Years

近10年来,金融发展实证研究取得了较大进展,表现为以下四个方面:第一,对于衡量金融发展水平指标的处理不断精确;第二,因变量选择范围的不断拓宽,观测金融发展在促进经济增长传递渠道中的具体作用成为研究重点;第三,控制变量与条件信息变量呈现多元化发展趋势;第四,通过技术处理手段上的不断改进以增强研究结果的可信度和说服力。

The study on financial development makes a great progress in last ten years. Firstly, it's become more and more accurate on the dealing with indicators of financial development. Secondly, in theory, the financial development will promote economic growth by three main channels, but most empirical studies in recent will emphasizes particularly to observe the concrete role that the financial development plays in the three transmit channels. Thirdly, in the empirical analysis, the control variables and condition information set came down many aspects in the economic system. At last, more and more new techniques had be used in recent empirical studies in order to enhance the results' reliability and robust.