国际金融合作与经济增长——基于中国-东盟国家经验的实证研究

International Financial Cooperation and Economic Growth——Empirical study based on the experience of China ASEAN countries

国际金融合作是各国获得资金或投资的重要途径,也是各国谋求经济增长的重要路径。以中国-东盟国家金融合作的经验为对象,通过构建中国-东盟金融合作综合评价指标体系,运用熵值法对其进行了测度。在此基础上,把中国-东盟国际金融合作综合指数与参与国经济增长相联系,运用面板数据(Panel Data)模型框架下的固定效应模型(fixed effects model)对两者关系进行了实证分析。结果表明:中国-东盟双边金融合作差异较大,显示两者金融合作的不平衡;中国-东盟金融合作对经济增长具有显著的正向效应;中国-东盟金融合作对经济增长的影响存在差异性。

International financial cooperation is an important way for countries to obtain capital or investment,and also their important path to seek economic growth.This paper takes the experience of China ASEAN countries’ financial cooperation as the object,constructs a comprehensive evaluation index system of such cooperation,and measures it with entropy method.On this basis,the China ASEAN comprehensive index of international financial cooperation is linked with the economic growth of participating countries,and the fixed effects model under the panel data model framework is used to conduct an empirical analysis of the relationship between them.The results show that the bilateral financial cooperation between China and ASEAN is quite different,indicating the imbalance of their cooperation;China ASEAN financial cooperation has a significant positive effect on economic growth;and it is different in the impact of China ASEAN financial cooperation on economic growth.