市场化进程与中国经济的不平衡增长——基于动态面板数据模型的分析

Marketization and Imbalance Growth in China——Based on Dynamic Panel Data Model

在新增长回归框架下,将定量化的市场化进程因素引入Barro回归,利用Arellano和Bond等提倡的动态面板数据方法估计考察市场化进程对中国经济不平衡增长的影响。实证结果发现市场化进程对经济增长有着显著影响,同时地区间市场化水平的差异会加剧地区间发展不平衡。其政策性含义是,深化以市场化进程为代表的改革不仅是中国经济持续增长的动力,也是中国缩小区域经济发展差距的有效途径。

Based on the new growth model, this paper introduces quantitative marketization into Barro regression, then usesdynamic panel data approach proposed by Arellano and Bond to consider the effect of the course of marketization onimbalanced economic growth in China. Our result revealed that marketization has significant influence on China＇s economicgrowth, while the difference in level of marketization among regions can intensify inequality in development. We suggest thatto further the reform is not only the motivation for continuous economic growth in China, but also the effective method tonarrow regional inequality.