我国财政货币政策的区域差异效应研究被引量：53

The Differential Regional Effects of Fiscal and Monetary Policy in China

导出

摘要财政货币政策的区域效应是有关区域协调发展的重要问题。本文建立了一个包括政府投资、银行贷款、价格指数和东中西部人均产出等变量的结构向量自回归SVAR模型,通过比较投资和贷款冲击的脉冲响应,发现:①我国的财政货币政策对东部的作用强于中西部,存在明显的区域差异效应;②与货币政策相比,财政政策对区域经济发展的作用更大;③1978年后,两种政策的作用都有所增强,货币政策对中西部,特别是对西部的影响明显增加。其含义是,为了缩小地区差距,应根据各个区域的特点,制定差异化的区域政策,在注重财政政策的同时,充分发挥货币政策的积极作用。 This paper examines whether fiscal and monetary policy has similar effects across the coastal, central and western regions in China. Impulse response functions from an estimated SVAR model reveal that. （1） both fiscal and monetary policy have differential regional effects with the largest on the coastal followed by the central and western; （2） fiscal policy has larger effects than monetary policy; （3） the effects of both policy have increased since 1978. These findings imply that the harmonized regional development requires a regional fiscal and monetary policy and coordination of fiscal and monetary authorities.

作者陈安平

机构地区暨南大学经济学院

出处《数量经济技术经济研究》 CSSCI 北大核心 2007年第6期56-64,136,共10页 Journal of Quantitative & Technological Economics

关键词财政政策货币政策区域差异效应 SVAR Fiscal Policy Monetary Policy Differential Regional Effect SVAR

分类号 F061.5 [经济管理—政治经济学]

引文网络
相关文献

参考文献24

1梁琪,滕建州.中国宏观经济和金融总量结构变化及因果关系研究[J].经济研究,2006,41(1):11-22. 被引量：83
2刘夏明,魏英琪,李国平.收敛还是发散?——中国区域经济发展争论的文献综述[J].经济研究,2004,39(7):70-81. 被引量：338
3宋旺,钟正生.我国货币政策区域效应的存在性及原因——基于最优货币区理论的分析[J].经济研究,2006,41(3):46-58. 被引量：241
4Aksoy,Y.,de Grauwe,P.,H.Dewachter,Do Asymmetrics Matter for European Monetary Policy?[J],European Economic Review.2002,46:443～469.
5Carlino,G.,R.DeFina,The Differential Regional Effects of Monetary Policy[J],The Review of Economics and Statistics.1998,80:572～587.
6Carlino,G.,R.DeFina,The Differential Regional Effects of Monetary Policy:Evidence from the U.S.States[J],Journal of Regional Science.1999,39:339～358.
7Clausen,V.,H.W.Wohltmann,Monetary and Fiscal Policy Dynamics in an Asymmetric Monetary Union[J],Journal of International Money and Finance.2005,24:139～167.
8Demurger S.,Saches J.D.,Woo W.T.,Bao S.,Chang G.H.,The Relative Contributions of Location and Preferential Policies in China's Regional Development:Being in the Right Place and Having the Right Incentives[J],China Economic Review.2002,13 (4):444～465.
9Dickey D.A.,Fuller W.A.,Distribution of the Estimators for Autoregressive Time Series with A Unit Root[J],Journal of the American Statistical Association.1979,74:427～431.
10Enders,W.,Applied Econometric Time Series[M],2004,Wiley,New York.

二级参考文献93

1冯宗宪,陈永华.区际利益冲突与调适[J].人文杂志,1997(4):59-62. 被引量：4
2Arestis, P,, and Mariscal, I. B., 1999, "Unit Root and Structural Breaks in OECD Unemployment", Economics Letter, 65, 149-156.
3Ben-David, D., Papell, D. ,2000, "Some Evidence of the Continuity of the Growth Process among the G7 Countries", Economic Inquiry,38, 320-330.
4Christiano, L., 1992, "Searching for a Break in GNP", Journal of Business and Economic Statistics, 10, 237-250.
5Dickey, D., Fuller, W., 1979, "Distribution of the Estimators for Autoregressive Time Series with a Unit Root", Journal of the American Statiatical Association, 74, 427-431.
6Dolmas, J., Beldav, R., and Slottje, D., 1999, "The U.S. Productivity Slowdown: a Peak through the Structural Break Window",Economic Inquiry, 37, 226-241.
7Hall, A. D., 1994, "Testing for a Unit Root in Time Series with Pretest Data Based Model Selection", Journal of Business and Economic Statistics, 12, 461-470.
8Hsueh, T., and Li, Q.,1999, China's National Income, 1952-1995. Westview Press.
9Lee, J., and Strazicich, M. ,2003, "Minimum Lagrange Multiplier Unit Root Test with Two Structural Breaks", Review of Economics and Statistics, 85, 1082-1089.
10Li, X.M., 2000, "The Great Leap Forward, Economic Reforms, and the Unit Root Hypothesis: Testing for Breaking Trend Functions in China' s GDP Data", Journal of Comparative Economics, 28, 814-827.