摘要
在Feldstein-Horioka框架下,文章基于面板平滑转换估计(PSTR)方法对1998—2014年中国省域间资本流动进行了估算。基于PSTR模型,测算得到各个省份在地区和时间维度上的储蓄系数。研究发现,国内投资和储蓄的关系是非线性的;储蓄系数并不能划分为若干组,而是必须通过一个连续的转换机制。
Under the framework of Feldstein-Horioka and based on the panel smooth transition （PSTR） approach, this paper makes an estimated calculation of the capital flows between provincial regions from 1998 to 2014. The paper also calculates to obtain the saving coefficient of each province in the region and time dimension. Study results show that the relationship between domestic investment and saving is non-linear, and that the saving coefficient must be transited through a continuous mechanism instead of being divided into a number of groups.
出处
《统计与决策》
CSSCI
北大核心
2017年第12期150-153,共4页
Statistics & Decision
基金
江西省研究生创新专项资金项目(YC2015-B039)
关键词
面板平滑转换
省域
资本流动
panel smooth transition
provincial region
capital flows
