区域企业结构差异对我国货币政策区域效应的影响

The Impact of Differentiated Regional Corporate Structure on the Effect of China's Monetary Policy

本文通过建立回归面板数据模型,证实了企业数量对经济增长有很大的促进作用,然后通过建立SVAR模型,检验了各种规模企业对货币政策的相应作用,结果显示我国中小型企业对货币政策比较敏感,特别是中型企业最为敏感。由于我国区域之间企业结构存在较大差异,这必然会产生货币政策区域效应。

Based on the panel data module, we make an empirical analysis and prove that the abundance of corporate would advance economic growth greatly. Then this paper adopts SVAR module and tests monetary effects on corporate of different scales. The result shows that in China, medium and small-sized corporate, particularly mediumsized corporate is sensitive to monetary policy. For the reason that corporate structure is largely different in China, monetary policy in China would have regional effect.