金融发展、制度演进与经济增长

Financial Development, System Advancement and Economic Growth

根据内生增长理论,确定经济增长的影响因子,然后着重考察制度因素,将其与金融发展的指标变量建立回归模型,以此深入分析金融发展作用于经济增长的制度演进渠道。研究结果表明:无论在长期还是短期内,金融发展对制度演进的影响较大;并且金融中介对制度演进的作用明显要大于金融市场。

According to the endogenous growth theory and the reality of economic growth in China, we find out the factors that mainly cause our economy grow, and then, bniht the regression model between system advancement and variahles of financial developtnent. So we can further analyze the system advancement channel from financial development to economic growth. The resuhs indicate that financial development works much on system advancement in both the long term and the short term. And, it is the financial intermediation that plays a more important role than the financial markets.