摘要
传统经济增长理论分析框架下,金融系统只影响资本形成,并不创造社会财富,它对经济增长的作用只有水平效应而没有增长效应。新增长理论,尤其是熊彼特增长理论,突破了新古典增长理论关于技术进步的外生性假设,强调资本积累和创新是促进技术进步和经济增长的重要力量,这为研究金融体系对技术进步和经济增长的促进作用提供了全新视角。当前,中国金融发展现状与创新型增长要求之间存在一定程度的不相容性,需要在制度、政策和监管体系上不断完善与变革,逐步实现科技创新和金融发展的良性互动。
In traditional growth theories,finance system just impacts on capital formation which has horizontal effects but no growth effects.New growth theories,especially Schumpterian growth theory,consider innovation and capital accumulation as key factors in technological progress as well as economic growth,which provide a framework for the study of relationship between financial development and economic growth.We make an analysis of China's financial reform with this view angle.
出处
《金融评论》
2011年第5期112-122,126,共11页
Chinese Review of Financial Studies
关键词
金融发展
技术进步
垂直创新
水平创新
Financial Development
Technological Progress
Vertical Innovation
Horizontal Innovation
