技术进步与金融结构的协同演化研究——来自中国的经验证据

Study on the Co-evolution of Technological Progress and Financial Structure:The Empirical Evidence from China

本文通过对技术进步与金融结构协同演化机制和协同演化特征的分析,建立了二者协同演化发展框架,构建了技术进步与金融结构的有序度模型与复合系统协同度模型,并利用我国1995-2011年的年度时间序列数据进行了实证分析。结论表明,我国技术进步与间接金融体系具有良好的协同效应,而技术进步与直接金融体系之间的良好协同机制尚未形成。

Through the analysis on mechanism and characteristic of co-evolution of technological progress and financial structure,this paper constructs a co-evolutionary theoretical framework,an order degree model of subsystem and a co-evolutionary degree model of complex system of technological progress and financial structure.Based on these models,we use years of annual time-series data of 1995-2011of China to make an empirical study on the co-evolutionary relationship between technological progress and financial structure.Conclusions show that technological progress and indirect financial system have good co-evolutionary effect but the good co-evolutionary machnaism of the technological progress and direct financial system has not been formed yet.