社会融资规模与国民收入联动性的实证检验

Empirical Estimation on Interaction Between Social Financing Scale and National Income

文章运用VAR模型对2002—2016年社会融资与国民收入的相互关系进行分析,结果显示,社会融资和国民收入存在着长期的正向均衡关系,社会融资对国民收入的促进效果呈现先扬后抑的态势,且社会融资对国民收入的贡献呈现累积增加的效应。

This paper uses VAR model to analyze the interaction between social finance and national income from 2002 to 2016. The results show that social financing has a long term positive equilibrium relationship with national income; the promotive effect of social financing on national income shows a trend of increasing before decreasing, and the contribution of social financing to national income shows a cumulative increase.