摘要
文章利用1985—2007年的样本数据,基于Granger因果检验和多变量VAR模型的JJ协整检验,实证结果表明南京的金融发展与经济增长没有Granger因果关系,但有显著的正向促进作用。基于脉冲响应函数和方差分解技术的实证结果显示,南京的金融发展对经济增长的影响具有滞后性,平均贡献度在1%左右。最后,针对实证结果,给出南京经济增长过程中金融支持方面的对策与建议。
Based on Granger causality tests and JJ tests of muhivariable VAR model, influence of financial development to economic grouwth of Nanjing is investigated using sample datum from 1985 to 2007. The result indicated that though the financial development of Nanjing is not the Granger causality to economic growth, but it has the positive influence to economic growth of Nanjing. At the same time, as the result of impulse response function and variance decomposition shown, hysteresis of financial development to economic increase exist and average contribution is about 1%. At last, countermeasure and suggesting of financial support to Nanjing economic increase were presented.
出处
《华东经济管理》
CSSCI
2009年第1期10-14,共5页
East China Economic Management
基金
江苏省教育厅高校哲学社会科学基项目(08SJB7900020)
江苏省高校哲学社科基金项目(07SJD630008)
教育部人文社科研究基地清华大学技术创新研究中心金沙江创新创业基金研究项目(项目名称:FDI对中国区域创新能力的溢出效应分析)
关键词
VAR模型
经济增长
金融发展
VAR model
economic growth
financial development
