货币流通速度影响因素研究——基于区域发展与收入分配两个视角的计量分析

A Study of Factors Affecting Velocity of Money——An Econometric Analysis based on Regional Development and Income Distribution

本文以中国1978-2013年的年度数据为样本,运用计量经济方法对地区发展差异影响货币流通速度的传统观点进行了实证检验。研究发现,由于我国特定的经济发展阶段和所采取的发展战略,地区发展差异并不能很好地解释货币流通速度的下降。进一步的理论梳理和实证研究证实,收入分配差异才是影响我国货币流通速度的一个重要原因;收入分配差异对广义货币流通速度V2的影响要大于对狭义货币流通速度V1的影响,长期影响要大于短期。

By taking China annual data of 1978 -2013 as sample, this paper gave an empirical test to the traditional view that regional development difference would impact the velocity of money with econometric method. The study found, because of China＇s special economic development stage and development strategy, regional development difference cannot better explain the decline of velocity of money. Further theoretical combing and empirical research confirmed that income distribution difference is an important reason affecting the velocity of money; income distribution difference has a greater influence on broad velocity of money than the narrow velocity of money, long - term impact is greater than short - term.