国际资本易变性对中国宏观经济影响的实证分析

Empirical Analysis on the Influence of the Volatility of International Capital Flows to the Macroeconomics of China

由于资本流动程度测度的传统方法存在不足,本文引用资本变异系数这一测度方法测度国际资本流动易变性,并通过该法对国际资本易变性自20世纪90年代中期以来对我国宏观经济的影响进行实证分析,寻找我国近年来的对外开放政策使得国际资本流动与国内宏观经济变量的关系,从而提出对控制我国国际资本易变性有益的对策建议。

As the traditional method of measuring the extent of capital flows has deficiencies,we can measure the volatility of international capital flows by using the coefficient of capital mutant.By this method,this paper discuses the eddect that international capital flows’ volatility bringing into Chinese macro-economy through empirical analysis since the mid-1990s,and searches the connection making by opening up policy in recent years between international capital flows and the domestic macro-economical variable.Thus we propose some policy suggestions on controlling international capital flows’ volatility of our country.