金融结构失衡下国际收支失衡的机理分析——基于中国经济数据的实证检验

Mechanism Analysis of Imbalance of International Payments in the Context of Financial Structure Disequilibrium——Empirical Test Based on Chinese Economic Data

进入新世纪以来,中国成功加入世贸组织,在全球经济失衡不断加剧的背景下,我国国际收支"双顺差"失衡状况越加显著。理论分析和实证检验结果显示,我国金融结构失衡对国际收支失衡有着深刻影响。因此,通过优化金融结构来纠正国际收支失衡是一条有效路径。

At the beginning of this new century, China became a full member of WTO. But with the increasing imbalance global economy, the imbalance of ＂twin Surpluses＂ of China＇ s international payments is becoming worsen. The theoretical analysis and empirical results show that the disequilibrium of China＇ s financial structure has a negative impact on the imbalance of international payments. Therefore, it is essential to optimize the financial structure in order to avoid imbalance of international payments.