部门生产率、汇率与结构性通货膨胀——基于B-S假说的拓展研究

Department Productivity,Exchange Rate and Structural Inflation——the Expanded Study Based on B-S Hypothesis

通货膨胀是一国经济高速增长时期频发的经济现象,它的形成有结构性原因。基于B-S(巴拉萨-萨缪尔森)假说构建了新的理论框架分析结构性通货膨胀形成的内在机理,然后利用中国30多年经济发展的相关数据对部门劳动生产率增长差异与通货膨胀之间的关系进行了实证分析。实证分析表明,部门生产率增长差异是通货膨胀形成的重要原因,货币供给量、汇率也是影响我国通货膨胀的重要因素。

Inflation is a frequent economic phenomenon as a country enjoys a period of quick economic growth,and one possible cause can be attributed to structural factors.This paper analyzed the inherent mechanism of structural inflation by a new framework based on the B-S（Balassa-Samuelson） hypothesis,and then made an empirical analysis of the relationship between inflation and the department differences of labor productivity growth by using related development data of China in recent 30 years.The empirical analysis shows that department differences of productivity growth is an important reason for the formation of inflation,and money supply and exchange rate are also the important factors for the inflation in China.