现金收支活跃度与地区经济增长:广东案例

The Relationship between Cash Receipts & Payments Activity and Regional Economic Growth: Guangdong Case

大多数研究表明宏观经济影响现金运行,但现金收支是否影响经济增长或者反映经济增长的动态变化,是有待深入研究的课题。本文依据不同地区的现金收支活跃度水平,将广东20个地市分为四类不同区域。在此基础上,利用面板协整模型对四类区域的现金收支对经济增长的影响进行实证分析。研究表明:广东现金收支活跃度呈现很强的区域差异性;现金收支活动对经济增长有明显的正向作用,并且影响呈现区域差异性;区域产业结构对现金收支与经济增长相互影响的效应大小起着重要作用。据此,本文提出进一步畅通区域现金收支活动与经济增长相互影响途径的政策建议。

Most studies have already showed that the macro economy can impact the cash run, but have not do deep research on if the macro economy would affect the balance of payments in cash or to reflect the dynamic changes in the economic growth. Based on the cash receipts ＆ payments activity levels in different regions, this paper divides 20 cities of Guangdong province into four different areas. Besides, this paper also uses the panel integration model to make the empirical analysis of cash receipts ＆ payments of four regional impact on economic growth. The results show that the cash receipts ＆ payments activity in Guangdong presents strong regional differences; Cash receipts ＆ payments activity has obvious positive effect on economic growth, while with regional differences; The regional industrial structure plays an important role in the interaction of cash receipts ＆ payments and economic growth. Accordingly, this paper proposes several policy recommendations to further cash receipts ＆ payments and regional economic growth interaction pathways.