转型期中国经济增长方式转变的金融支持——基于经济学文献的探讨

FINANCIAL SUPPORT FOR CHINA'S ECONOMIC GROWTH IN TIMES OF TRANSITION:AN EXPLORATION BASED ON ECONOMICS LITERATURE REVIEW

本文基于经济学文献探讨了转型期中国经济增长方式转变的金融支持问题。研究发现,不论从整体还是从区域层面来看,中国的金融发展主要是通过加速资本积累来促进经济增长的;而对资本配置效率的改善、技术进步及TFP增长率的提高,作用并不明显。因此,这种金融发展模式不利于中国经济增长方式从"粗放型"向"集约型"的转变。本文进一步指出,财政分权背景下的地方政府行为及其对区域金融发展的影响,是造成金融资金配置效率低下和经济增长方式转变困难的重要原因。

Based on existing literature,the paper discusses the issue of financial support for the transition of the growth pattern of China＇s economy.The authors find that regional financial development has been playing an important role in promoting the extensive accumulation and growth of China＇s capital,while making little contribution to the growth of TFP and technical progress.Therefore this financial development pattern does not help with the transition of China＇s economic growth from the extensive to the intensive model.The paper points out that,in a decentralized fiscal system,local government intervention with the regional financial development is an important factor causing low efficiency of financial resource allocation and difficulty of the transition of the economic growth pattern.