作　　者： ;

机构地区： 山东财经大学金融学院

出　　处： 《经济社会体制比较》 2019年第5期53-66,共14页

摘　　要： 中国式影子银行的定位一直备受争议。文章从其产生背景民营经济的发展着手,以测算出的各省份狭义统计口径下的民营经济规模和影子银行规模为前提,基于新古典经济增长理论设计的实证模型,检验了中国30个省级单位在1995 ~2016年间影子银行对民营经济增长的影响。结果证明,中国式影子银行是对正规金融运行下难以满足的巨大社会融资需求的有力补充,也是推动中国民营经济发展的重要资金来源,说明货币当局目前对于中国式影子银行的性质定位是合理的,但是这种贡献存在显著的时间、省际和区域层面上的非对称性。 There is always a controversy on the position of China’s shadow banking. Considering the background of Chinese shadow banking, based on the measurement of a provincial scale private sector under the narrow standard and shadow banking, by the empirical model according to the N e w Classical Economic Growth Theory, and through the sample data during 1995 and 2016, this article tests the impact degree of the shadow banking fund on the private sector. The results confirm that China’s shadow banking is a strong supplement of the huge social financing demand which formal finance is hard to fully meet and it is also an important source of funds to promote private sector in China, which means that the monetary authority has a reasonable attitude toward the nature of China's shadow banking. However, this contribution from China’s shadow banking shows the asymmetric effect on time, interprovincial factors and regions deserves attention.

关 键 词： 影子银行 民营经济 金融市场 正规金融 区域差异

领　　域： []