金融剩余动员与区域经济增长的关系研究

Study on the Relationship between the Financial Surplus Mobilization and Regional Economic Growth

政府和资本市场是动员金融剩余投入生产再循环的两种手段,但是不同的经济发展阶段,政府和资本市场在配置金融资源中所起作用不同,通过对不同区域实证数据的分析,笔者认为,短期的经济增长主要依靠政府配置资源的能力的增强,长期的经济增长则要依靠金融深化程度的提高,东部地区应当扩大政府规模和提升金融深化程度,中西部地区应当抑制政府规模、适度提升区域金融深化水平。

Both government and the capital market are the factors to mobilize the financial surplus production recirculation, but at differ- ent economic development stage, the government and the capital market play different roles in the allocation of financial resources. The analysis of the different regions of the empirical data shows that short-term economic growth mainly rely on the government allocation of resources ability enhancement, while long-term economic growth will depend on the degree of financial deepening. The eastern region should expand the scale of the government and improve the degree of financial deepening, the central and western regions should re- strain government scale, moderately enhance the level of regional financial deepening.