摘要
本文运用中国31个省市在2005-2013年间的面板数据,以GDP增长率和人均GDP增长率为因变量,国家开发银行中长期贷款的市场份额(开行中长期贷款余额占各省市金融机构贷款余额的比例)为自变量,大国有商业银行中长期贷款的市场份额为对照,考察了开发性金融对中国经济增速在总量和质量上的相对贡献。双向固定效应模型的估计结果显示:在中国现阶段,国家开发银行市场份额的上升对经济增长具有显著的正向影响。
This paper investigates the effect of Development Finance on China＇ s Economic Growth by using the Panel Data from 31 provinces during 2005-2013. Specifically, the author uses the market share of medium and long-term loan （MLL） in China Development Bank （CDB）, which is defined as the percentage of MLL in loans of all financial institutions from 31 provinces in China, as independent variable, the GDP growth and per capita GDP growth as dependent variable, compared with the market share of MLL in four giant commercial banks of china. The findings of fixed-effect Panel Data model indicates： the increase of market share of CDB has significant enhance impact on China＇ s economic growth in recent years.
出处
《投资研究》
2015年第11期148-160,共13页
Review of Investment Studies
关键词
开发性金融
经济增长
银行业结构
中长期贷款
Development finance
Economic growth
Banking structure
Medium and long-term loan
