导　　师： 苏冬蔚

学科专业： 020204

授予学位： 硕士

作　　者： ;

机构地区： 暨南大学

摘　　要： 中国目前正处于经济转型的关键时期，一方面以往的经济发展模式已经不足以支撑庞大经济体持续、快速的发展，社会对新经济增长模式的需求十分迫切；另一方面，与经济改革相配套的制度改革已成为经济发展的瓶颈，体制改革的动力不足，改革的方向也尚在探索之中。与改革并存的另一个重大社会议题是腐败问题，腐败源于制度的设计和漏洞，又阻碍着制度的变革。腐败造成社会不公，危害社会风气，扰乱正常的资源配置，对社会有诸多的危害。传统的法与金融理论认为腐败会阻碍金融发展，考虑到中国的实际情况，结论并非如此简单。在尚以金融压抑为特征的中国经济中，更多的金融资源流向了效率较低的国有部门，而私人部门获得的信贷受到限制，这种金融资源分配方式降低了资源配置的效率，不利于经济增长。在这样的背景下，民间试图通过一些途径纠正这种扭曲，而腐败有时也可以被理解为用一种制度的扭曲去纠正了另一种制度的扭曲。这使得加强法治可能会妨碍某些金融领域的发展，降低经济运行的效率。 试图部分地解释上述问题，本文收集了2000年后中国各省级单位的相关数据，通过建立双向面板数据模型对上述问题进行研究，得出两个结论：一，在金融压抑的环境中，腐败对金融深化的影响并不显著；二，腐败不利于私人投资比重的增加。 作者认为，整体来看腐败对金融发展的影响是复杂的。可以确定的是，目前的金融体制本身就对金融发展存在抑制作用。制度的缺陷限制了私人部门通过正规渠道从银行融资，但腐败有利于资源从国有部门流向更有效率却受到信贷歧视的私人部门，同时影子银行等作为非正规的融资渠道对金融发展的作用已经不可忽略。 本文的结论是，反腐工作对于金融发展有一定的建设性意义，但是要想实现金融体系的全面健康发展，仅仅依赖法治水平的提高是不够的，还必须有其它相关制度的完善作为支持。 China is now in a critical period of economic transition, while the previousmodel of economic development has been insufficient to support the huge economies’rapid development, the demand for a new path of economic growth is very urgent; onthe other hand, the economic reform has become a block for economic development,the direction of reform is still being explored. Corruption and reform are importantissues in the current Chinese society, traditional law and finance theory suggests thatcorruption will hinder financial development, giving the actual situation in China, theconclusion is not that simple. In the Chinese economy which is still characterized byfinancial repression, many financial resources flow to the the state sector, and theprivate sector’s access to credit is limited, such financial resource allocation reducesthe efficiency of resource allocation, is not conducive to economic growth. In thiscontext, the society tried several ways to correct this distortion, and corruption cansometimes be understood as a system with a twist to correct the distortions of anothersystem. This makes it possible the law enforcement would hinder the development ofcertain financial sectors, reducing the efficiency of economic operation. We collected the relevant data at provincial level in China after2000, through atwo-way panel data model we want to study the above questions, and we draw twoconclusions: the impact of corruption on financial deepening is not significant; thecorruption will reduce contribution of private investment. The impact of corruption on financial development is complex. Imperfect systemlimiting the private sector funding money through formal channels, but corruptionmakes the flow of resources from the state sector to the more efficient private sectorwhich always suffers from discrimination, while the role of the shadow banking asnon-formal financing channels has ignored. What can be sure is the current financialsystem itself has an inhibitory effect on financial development. This paper concludes that the anti-corruption work has a good effect on financialdevelopment, but to bring more benefits to society, it should be combined with other related systems.

关 键 词： 腐败 法治 金融压抑 金融发展

分 类 号： [D262.6 F832]

领　　域： [政治法律] [政治法律] [经济管理]