金融市场发展、技术转移和收入不平等性研究

Study on Financial Market Development,Technology Transfer and Income Inequality

能为契约执行提供有力支持的金融基础结构可促进金融市场的发展;反过来,金融市场的发展又可使企业获取生产率更高的资本密集型技术,从而促进经济发展。但若存在信贷配给情形,技术转移将加大收入的不平等性,导致风险厌恶的参与人不愿意将金融基础结构改善到技术转移发生的水平上,进而形成一个发展陷阱。有效的解决办法是,在改善金融基础结构的同时促使小企业采用当前的技术。

The financial infrastructure that provides strong support for implementation of contracts can promote the development of financial markets. In turn, development of financial markets also enables enterprises to gain capital- intensive technologies with higher productivity, hence contributing to economic development. However, if there is credit rationing situation, technology transfer wiU increase income inequality, leading to the risk-averse participants being reluctant to improve the financial infrastructure to the level of technology transfer occurred, thus forming a de- velopment trap. The effective solution is to improve the financial infrastructure and to encourage small businesses to adopt the technologies used currently as well.