金融基础设施对经济发展的推动作用研究——以我国征信系统为例

Impacts of Financial Infrastructure on Economic Development:Evidence from China's Credit Reporting System

本文建立了考察金融基础设施对经济发展推动作用的评估模型,并以金融基础设施中极为重要的征信系统为例,量化评估了金融基础设施对我国宏观经济的促进作用。通过模型对中国人民银行征信中心所有底层数据以及针对21家全国性银行和257家地方性金融机构的调查问卷数据进行分析,我们发现征信系统促进了宏观经济中的总消费和总投资,并估算出征信系统对GDP增长的贡献占比为4.28%,相当于0.33个百分点的GDP增长率。

Using the credit reporting system as an example, this paper quantitatively evaluates the impact of financial infrastructure on China＇ s economy. Specifically, we build a quantitative framework to analyze the raw data of the credit reporting system and survey data from national banks and local financial institutions. Our quantitative analysis finds that the credit reporting system has a positive impact on consumption and investment, which accounts for 4.28% of GDP growth in 2012, equivalent to 0.33 percentage points of the growth rate.