摘要
我国银行私营部门信贷和股票市场规模对经济增长均有显著的负效应 ,但能显著促进储蓄率的提高。股票市场流动性能促进广义技术进步率提高 ,但对经济增长、固定资产投资和储蓄没有明显作用。我国应该控制股票市场规模扩张 ,而加强股票市场流动性。银行部门应该加强公司监督和风险管理 ,以有效促进经济增长和提高经济效率。
Credit to private sector and scale of stock market have a significantly negative effect on the rate of economic growth ,but it is able to promote apparently the growth of savings rate.Stock market liquidity can improve productivity,however,its influences on investment,savings rate and economic growth can not be observed clearly.So China should enhance its liquidity,corporation supervision and risk management.
基金
浙江省教委科研基金项目 (2 0 0 1 0 62 7号 )
