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摘要: |
采用VAR模型对我国金融发展与经济增长的关系进行实证研究,通过协整检验证明两者存在长期均衡关系,并且进一步通过脉冲响应和方差分解发现人均实际GDP环比增长率对人均金融相关率、证券市场和保险市场的冲量反应不显著,并且反应很缓慢,说明我国市场效率资源配置存在缺陷,并给出了相关建议。 |
关键词: VAR 金融发展 经济增长 |
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Empirical Study of the Relation between China s Financial Development and Economic Growth Based on VAR Model |
GAO Kai-min; WU Li-feng
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Abstract: |
The relation between financial development and economic growth is paid attention to by the scholars at home and abroad.This paper uses VAR model to make empirical research into the relation between China s financial development and economic growth.Cointegration test shows that there is a long-term equilibrium relation between financial development and economic growth.Impulse response test and variance decomposition test show that real per capita GDP chain growth rate does not obtain conspicuous response fr... |
Key words: VAR financial development economic growth |