摘要
民间金融已成为民营中小企业融资的重要途径,研究民间金融发展与全要素生产率(TFP)增长的关系,对于中国民间金融如何推动经济高质量发展具有重要意义。研究发现,民间金融对TFP增长指数提升有积极促进作用,并且这种促进作用具有阶段性差异性,即随着时间的推移,民间金融对TFP的正向作用逐渐提升,同时目前民间金融对全要素生产率的作用渠道主要是技术水平提升途径;民间金融对TFP增长指数的作用具有地域性差异性,但就整体而言,这种差异化正在不断缩小。
Informal finance has become an important way for private small and medium-sized enterprises(SMEs)to make financing.Thus,studying the relationship between informal finance development and total factor productivity(TFP)growth is of great significance to examine how China's informal finance can promote high-quality economic development.The results of this study show that,firstly,informal finance has a positive effect on promoting the TFP growth index,and this promotion has a phased difference.Specifically,the positive effect of informal finance on TFP has gradually increased over time,and at present the channel of TFP is mainly the way to improve the level of technology.Secondly,the role of informal finance in the TFP growth index is regionally different,but overall,this differentiation is shrinking.
作者
刘希章
李富有
庞加兰
王楠
LIU Xizhang;LI Fuyou;PANG Jialan;WANG Nan(Northwest University,Xi’an 710127;Xi’an Jiaotong University,Xi’an 710069;Xi’an International Studies University,Xi’an 710128)
出处
《经济与管理研究》
CSSCI
北大核心
2019年第8期33-48,共16页
Research on Economics and Management
基金
国家社会科学基金重点项目“新形势背景下非法集资的处置效果及处置防范机制研究”(18AJY028)
国家社会科学基金青年项目“破解欠发达地区民间融资困境的对策研究”(15CJL021)
陕西省社会科学基金项目“陕西省民间投资推动经济高质量发展研究”(2018D02)
陕西省教育厅2018度专项科学研究计划“陕西省民间投资对产业结构升级的影响研究”(18JK0750)
关键词
民间金融
全要素生产率
技术效率
区域差异
informal finance
total factor productivity
technical efficiency
regional differences
