摘要
文章使用面板单位根与面板协整方法,实证研究混业经营条件下金融发展与经济增长的关系。研究表明:混业经营条件下金融发展与经济增长存在面板协整关系,即金融发展与经济增长有长期均衡关系;银行发展水平质量的提高与经济增长有显著正相关关系,然而银行发展水平数量的提高,阻碍经济增长;股票市场与经济增长有显著正相关关系,而且这种关系比较稳定。
Using the panel root test and panel cointegration,the paper examines the impact of financial development on economic growth under combining operation. Evidences of a cointegration are obtained to indicate the relationships between economic growth and financial development among the sample countries. The analysis shows that the enhancement of quality in bank development boosts economic growth,while the increase of bank numbers baffles economic growth, and that the stock market is proportional to economic growth.
出处
《国际经贸探索》
CSSCI
北大核心
2007年第1期66-70,共5页
International Economics and Trade Research
关键词
混业经营
金融发展
经济增长
非稳定面板数据
面板协整
combining operation
financial development
nonstationary panel data
panel cointegration
