经济金融共生共荣:理论、测度与实现路径

The Symbiosis and Mutual Prosperity of Economy and Finance: Theory, Measurement and Implementation Path

基于共生理论,本文对经济金融共生共荣关系进行理论分析,并测度了经济金融共生共荣状况,采用1993-2017年中国省区面板数据检验经济金融共生共荣的实现路径。结果表明,中国的经济金融确实存在共生共荣关系,但始终处于正向非对称共生状态,金融对实体经济的推动作用小于实体经济对金融的贡献。渐进式经济改革、金融改革、金融宏观调控政策和政府因素等变量都在不同程度上影响经济金融共生共荣,并且这些变量对经济金融共生共荣的影响效应在不同时期有所变化,是驱动经济金融共生系统演化的重要力量。新时代中国应以习近平经济金融共生共荣思想为行动指南和根本遵循,进一步提高经济金融治理水平,理顺经济金融之间的关系,加强金融供给侧改革,推动经济金融共生共荣关系朝着正向对称共生模式不断迈进。

This paper analyzes the theoretical mechanism of symbiosis and mutual prosperity between economy and finance using the symbiosis theory,measures the situation of symbiosis and mutual prosperity between economy and finance,and tests the implementation path using provincial panel data of China from 1993 to 2017.The paper finds that China’s finance and real economy have achieved symbiosis and mutual prosperity,but it is always in the state of positive asymmetrical mutualism symbiosis.The promotion effect of finance on real economy is obviously smaller than that of real economy on finance.Gradual economic reform,financial reform,macro-control policies of finance and government factors have significant impacts on the symbiosis and mutual prosperity between economy and finance in varing degrees.The impacts are different in different periods,which promote the symbiosis system of economy and finance evolution.In the new era,China should take Xi Jinping’s thought of the symbiosis and mutual prosperity of economy and finance,as the action guide and fundamental rules,further improve the level of economic and financial governance,straighten out the relationship between economy and finance,strengthen supply-side reform of finance,and promote the relationship of economy and finance towards a symmetrical mutualism symbiosis mode.