摘要
为了对我国银行业发展与区域经济增长的非线性关系进行探究,克服传统指标存在的内生性问题,本文首先构建了"银行存款基准比"和"企业存款基准比"这两个基准化的新指标;然后,采用面板平滑转换模型进行实证分析。研究发现,银行信贷功能的发挥,其经济"助推器"功能依赖于银行业的市场竞争程度和信贷资金分配的市场化水平,存在明显的非线性特征。在银行市场化程度较低时,银行业发展对经济增长起到抑制作用;在市场化程度较高时,银行业发展对经济增长具有稳定促进作用;中间阶段,银行业发展与经济增长存在由抑制向促进转换的非线性关系。研究表明,促进银行业市场化竞争和资源配置,进一步推进金融市场化改革,对于实现银行业发展的经济增长效应至关重要。
In order to make an analysis on the non-linear relationship between banking development and regional economic growth in China, I overcome the endogenous problem of traditional in dicators, in this paper, I first build two new indicators, Benchmark Ratio of Deposite and Benchmark Ratio of Corporate Saving. Then, use panel smooth transition regression model to make an empirical analysis. It shows that the function of banking credit and its ＂booster＂ economic function is depended on the degree of competition in the banking market and the marketizaion level of fund allocation, there is an obvious non-linear characteristic. When the markertization degree is lower, banking development has an inhibit effect on economic growth~ when marketization degree is high- er, banking development has a stable promoting effect on economic growth. During the intermediate stage of financial marketization, there is a non-linear relationship between banking sector develop- ment and economic growth. It shows that it is important to promote the marketization competition and resource allocation of banking sector, and to further promote financial maketization reform, it is critical for realizing the positive effect of economic growth of banking development.
出处
《现代财经（天津财经大学学报）》
CSSCI
北大核心
2013年第8期63-77,共15页
Modern Finance and Economics：Journal of Tianjin University of Finance and Economics
关键词
银行业发展
经济增长
金融市场化
非线性
banking sector development
economic growth~ financial marketizaion
nonlinear relationship
PSTR
