金融结构调整对经济效果影响的比较研究——基于58个经济体1998～2013年数据的实证分析

Comparative Research on the Economic Effects of Financial Structural Adjustment: An Analysis Based on the Data of 58 Economies 1998-2013

文章以58个经济体在1998—2013年的数据为研究对象。在构建含交叉项的计量经济模型和含平方项的计量经济模型基础上，将58个经济体分成发达经济体和新兴经济体两组，研究一个国家金融结构的调整对经济体的差异性影响。研究发现，经济发展程度、经济危机都会影响到金融结构调整的效果，而且金融结构变量自身的累积也会影响到金融结构调整的效果。最后，基于研究结论，文章提出了相应的政策建议。

This paper studies data from 1998 to 2013 on 58 economies. On the basis of constructing cross - term econometric models and squared term econometric models, this paper divides the 58 economies into developed economies and emerging economies, and studies the different effects of financial structure adjustment on the countries＇ economy of the two groups. The study finds that the level of economic development and economic cri- sis both affect the results of adjusting the financial structure, and cumulative changes to financial structures affect subsequent adjustments to them. Finally, based on research findings, this paper puts forward corresponding policy recommendations.