家庭部门信贷与经济增长关系研究——基于对转型国家的实证分析

Study on Relationship Between Household Credit and Economic Growth——Based on Empirical Analysis of Transition Countries

本文利用28个转型国家1999～2009年的数据,对企业和家庭信贷结构与经济增长之间的关系进行实证检验,并进一步对家庭信贷影响经济增长的机制进行分析。研究表明,与企业信贷对经济增长有促进作用不同,这些转型国家家庭信贷的扩张对经济增长有负的影响作用。家庭信贷主要通过经常项目对宏观经济产生影响。

Using panel data containing 28 transition countries between year 1999 2009, this paper analyzes the growth effect of enterprise and household sector credit, as well as the mechanism between household sector credit and economic growth. The empirical results show that expansion of household credit has negative effect on economic growth while enterprise credit has positive effect. Household sector credit affects growth mainly through current account adjustment.