作　　者： ; (冯艳）; (杨亮）;

机构地区： 西南政法大学经济学院

出　　处： 《金融论坛》 2008年第10期21-27,46,共8页

摘　　要： 何种金融结构更有利于经济增长是一个在理论上存在巨大分歧的问题,中国经济为经验验证金融结构对经济增长的影响提供了一个非常理想的样本。本文以1995～2006年中国29个省级单位的经验数据为样本,采用Difference GMM和System GMM动态面板回归估计方法系统地检验了中国的银行集中度对经济增长及其两个组成部分(TFP增长和资本积累)的影响,得出的主要结论是,中国金融中介整体规模的扩张实际上并未对经济增长贡献更多,在这个环境下,中国当前较高的银行集中度是阻碍了经济增长,这主要表现为较高的银行集中度抑制了劳均资本的积累,其对TFP增长的影响在统计上却是不显著的。 Many theoretical disputes have broken out over which financial structure can benefit economic growth best. Chinese economy provides an ideal sample for testing the impact of financial structure on economic growth. With samples of 29 Chinese provinces＇ data from 1995 to 2004, the paper tested the influence of bank concentration on economic growth, TFP growth and capital accumulation, using the regression estimation method of Difference GMM and System GMM dynamic panel. The main conclusions are as follows： the expansion of the overall scale of Chinese financial intermediaries fails to benefit the economic growth in fact. Under the current condition, the high bank concentration impedes the economic growth, which mainly embodies in that the high concentration restrains the accumulation of labor capital, and its impact on TFP growth is not statistically significant.

关 键 词： 银行业结构 经济增长 增长 资本积累

领　　域： [经济管理]