营商环境对经济金融危机发生及恢复的影响研究

A Study on the Impact of Business Environment on the Occurrence and Recovery of Economic and Financial Crisis

2008年国际金融危机后,世界经济长期低迷,各经济体政府纷纷将改善营商环境作为促进经济恢复的手段。改善营商环境是否有助于降低经济金融危机的风险,是否有助于经济更快恢复,这是值得研究的问题。利用世界银行等数据库1960—2021年100多个经济体的数据,研究营商环境与经济金融危机的关联。发现:改善营商环境显著降低经济体陷入货币危机、银行危机、系统性危机和经济危机的可能性,缩短经济体走出危机的时间。使用不同的代理变量,这一结论依然成立。

After the 2008 global financial crisis,the world economy has been sluggish for a long time,and governments across economies are focusing on improving the business environment as a means of promoting economic recovery.Whether improving the business environment will help reduce the risk of economic and financial crises and whether it will help the economy recover faster are all issues worth studying.This paper uses data from more than 100 economies in 1960-2021 from the World Bank and other databases to study the correlation between the business environment and the economic and financial crises.This paper finds that improving the business environment can significantly reduce the likelihood of an economy falling into a currency crisis,a banking crisis,a systemic crisis and an economic crisis,and decrease the time for an economy to get out of crisis.Using different proxy variables,this conclusion still holds.