我国金融环境对信贷配给的影响研究

The Implication of Chinese Financial Condition for Credit Rationing

随着金融改革和经济发展,我国整体金融环境得到了改善。民营金融机构迅速崛起,使得企业融资及获得信贷配给的渠道增加。金融环境决定着我国各区域信贷配给的强度,而信贷配给也能推动经济的发展。经过对2008至2014年面板数据的处理,我们得出的结论是:金融发展规模的扩大并不一定能有效促进信贷配给的提高;而市场化程度越高,信贷配给效率越高。因此,在金融环境改变的前提下,我国应采取协调区域发展的措施,以沿海区域带动周边地区;提高各省自身的市场化程度相对指数;政府加大对西北等偏远地区的扶持与帮助,从而有效提高信贷资金的使用效率。

With financial reform and economic development, the financial condition has improved in China.Private financial institutions are emerging rapidly, allowing businesses to have more access to bank financing and credit rationing. The financial conditions determine the intensity of the credit rationing in each region, and credit rationing, in turn, propels economic development. Through the analysis of the panel data from 2008 to 2014, we draw the following conclusion： the expansion of the financial development scale does not necessarily push up the credit rationing; the more developed the market is, the more effective the credit rationing is. Therefore, under the circumstance that the financial conditions have changed, China should promote the coordinated development of regional economy, with coastal areas as a drive engine for the development of surrounding areas. Besides, each province should increase its relative index of market economy. Finally, the government should scale up its support for the remote areas such as Northwestern China so as to use the credit funds more effectively.