金融发展抑制腐败关系网的路径和机制

The Path and Mechanism of Financial Development Restraining on Corrupt Guanxi Network

运用金融功能观和效用函数模型可以揭示金融发展减少官员腐败关系网的腐败剩余,从而发挥抑制腐败作用的机制和路径,辅以2003~2016年中国30个省市面板数据的实证结果表明:官员腐败具有传染性且损害经济增长;金融发展能够通过金融功能的扩展与提升削弱关系网腐败的联结程度和覆盖范围,监督腐败关系网的经济活动。在促进经济增长诸多途径中,不仅金融发展自身,而且其通过抑制腐败关系网而促进经济增长的效果是显著的。针对中共十八大以来反腐败效果的检验表明,高压反腐不仅有效遏制了腐败蔓延、净化了执政党队伍而具有正向经济效应,而且强化了金融发展对腐败关系网发挥遏制作用的机制。

The Financial Function Theory and the Utility Function Model may be utilized to ex plore the mechanism and path of the financial development impeding on official corruption network by reducing corrupt surplus.The panel data of China's 30 provinces covering the period of the 16th to the 19th National Congress of the CPC(2003-2016)is also employed to empirically indicate that official corruption is contagious and has serious negative impact on economic growth.Through its extension and enhancement of functions,financial development can weaken the degree and coverage of corrupt Guanxi network connection and supervise the economic activity of social network corruption.Among many ways in which financial development promotes China's economic growth,they are significant for both financial development itself and financial development inhibiting official corruption network.The tests specifically conducted to Chinese anti corruption storm from the 18th National Congress of the CPC show that the high pressure kept on corruption has not only blocked the contagion of corruption and purified the officials,therefore has positive effect on economic growth,but also strengthened the mechanism of financial development to curb the corrupt Guanxi network.