新疆货币流动性过剩与新疆经济关联度分析

Study of Correlation Between Excess Currency Liquidity and Economy in Xinjiang

现代经济增长越来越离不开货币的支持,但过剩的货币流动性将阻碍经济的长期增长,新疆也不例外。本文通过实证分析得出结论:新疆货币流动性过剩1%,能促进新疆0.84%的短期经济增长,但是长期来看,对新疆经济增速将减少0.42%,因此应该合理控制货币的投放速度,加大对薄弱的基础设施和具有辐射带动功能的关联产业的信贷支持,拓宽中小企业融资品种,解决新疆中小企业融资难问题,从而缓解新疆流动性过剩。

Nowadays, economic growth is becoming increasingly inseparable from the support of currency, but excess liquidity will hinder the long-term growth of economy, and there is no exception to Xinjiang. The article made an empirical study and drew some conclusions. In Xinjiang, the excess liquidity of 1% would promote economic growth by 0.84% in the short term, but in the long run, it would reduce economic growth rate by 0.42%. Therefore, it＇ s necessary to control money supply speed reasonably, increase credit support to poor infrastructure and related industries with an impetus to the development of other industries, broaden financing products to deal with financing difficulty of SMEs, and lessen excess liquidity in Xinjiang.