金融开放、政策干预与经济增长关系的实证研究——基于省级空间面板计量模型

An Empirical Study on the Relationship Between Financial Openness,Government Intervention and Economic Growth:Based on Provincial Spatial Panel Econometric Model

利用2004—2016年全国31个省(区、市)的面板数据,以相关理论为基础构建金融开放、政策干预与经济增长的空间面板实证模型。实证结果表明:经济增长、政策干预与金融开放存在显著的正向相关性,金融开放和政策干预对经济增长具有显著的正向效应,政策干预下的金融开放对经济增长产生显著的负向效应。

Based on the panel data of 31 provinces in China from 2004-2016 and on relevant theories,this paper constructed a spatial panel empirical model of the relationship between financial openness,government intervention and economic growth.The empirical results show that there is a significant positive spatial correlation between economic growth,government intervention and financial openness;financial openness and government intervention have significant positive effects on economic growth;the financial openness under the government intervention has a significant negative effect on economic growth.