摘要
本文通过"C-I指数"法对中国的资产短缺状况进行估算。研究表明,早在2000年,中国就已进入到资产短缺阶段。该期间部分时期内,中国的资产短缺状况虽有所逆转,但这更多的是源于项目追加贷款、各微观经济主体大幅增持短期存款、国内国民储蓄增幅有限甚至下降、资本跨国流入逆转所致。进一步研究发现,刺破资产泡沫所面临的风险以及对微观主体过度冒险行为干预能力的不足,要求政府短期内应实施"泡沫分类管理"措施来积极应对因资产短缺引起的资产泡沫。
This paper re-estimatedthe Chineseassets shortage by the method of the modified C-I index. This study indicated that China had already entered the asset-shortage stage as early as 2000. Although the extent of China＇s assets shortage was reversedduring the only periods, this originated mainly from addi- tional project loans, from that micro-economic entities held additional short-term deposits, from that na- tional savings increases slightly or even declines, and from that transnational capital was from original in- flow into outflow. Further study found that the risks faced for piercing assets bubbles and the lack of ca- pacity to intervene with excessive risk-taking behavior of agents, which required that government should respond actively to the asset bubbles caused by assets shortage combined with implementing bubbles classi- fication management in the short term.
出处
《经济理论与经济管理》
CSSCI
北大核心
2013年第2期31-42,共12页
Economic Theory and Business Management
基金
国家社会科学基金重点项目(11AJL003)
关键词
资产短缺
资产泡沫
泡沫分类
泡沫管理
assets shortage
assets bubbles
bubbles classification
bubbles management
