政府债务对我国利率水平的影响研究

Government Debt's Influence on China's Interest Rate

研究表明,政府债务水平与长期利率之间有显著的正相关关系,而长期利率的上场将对投资产生挤出效应,进而对经济增长产生负面影响。近年来我国政府债务的迅速增加是否也提高了长期利率水平和企业融资成本,进而抑制了经济增长?本文对此展开研究。

Many research have shown that government debt has obvious positive correlation with long term interest rate. And the increase of long term interest rate will impose crowding – out effect on investment and negative effect on economic growth. Has the rapid growth of China's government debt already increased the long term interest rate and company's financing cost, even depressed the economic growth? The article conducts research on this topic.