金融发展对实体经济的影响——基于社会融资规模的视角

The Impact of Financial Development on the Real Economy:From the Perspective of the Scale of Social Financing

本文旨在探讨金融发展,特别是社会融资规模对实体经济增长的影响。通过构建理论框架并结合实证分析,研究发现社会融资规模的扩大显著促进了实体经济的增长。利用中国、美国和日本的案例研究,本文进一步验证了社会融资规模与经济增长之间的正相关性。政策建议包括加强金融监管、促进金融创新、优化融资结构、支持中小企业发展和加强国际合作。本文还指出了研究的局限性,并对未来研究方向进行了展望。本文的结论不仅为理解金融发展与经济增长之间的关系提供了新的视角,也为政策制定者提供了有价值的参考。

The purpose of this paper is to explore the impact of financial development,especially the scale of social financing,on the growth of the real economy.By constructing a theoretical framework and combining empirical analysis,it is found that the expansion of social financing significantly promotes the growth of the real economy.Using case studies from China,United States,and Japan,this paper further validates the positive correlation between the scale of social financing and economic growth.Policy recommendations include strengthening financial regulation,promoting financial innovation,optimizing financing structures,supporting the development of small and medium-sized enterprises and strengthening international cooperation.This paper also points out the limitations of the research and looks forward to future research directions.The conclusions of this paper not only provide a new perspective for understanding the relationship between financial development and economic growth,but also provide a valuable reference for policymakers.