资本形成、投资效率与经济增长之间的动态相关性——来自中国1978~2004年数据的实证研究
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财经研究 2006 年 第 32 卷第 02 期, 页码：80 - 91
摘要
参考文献
摘要
文章根据1978~2004年样本利用向量自回归模型研究了改革开放以来中国资本形成、投资效率与经济增长之间的动态相关性,在此基础上使用脉冲响应函数、方差分解模型以及动态相关系数等方法对公共资本、私人资本与产出增长之间的作用机理进行了系统分析。研究结论表明:实际产出增长率、公共资本增长率和私人资本增长率之间体现出较强的当期相关性,具有影响关系上的近似对称性;改革开放以来,三者具有类似的波动模式,它们之间存在稳定的影响关系和影响方向;为了增强公共投资率的产出效应,应该适度改善目前的投资结构,积极诱导和鼓励私人部门在具有产出生长点的项目上进行投资,宏观调控政策在刺激国内有效需求的同时,应加强供给管理并提高供给质量。
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[7]Evans,P,G Karras.Are government activities productive?Evidence from a panel ofU.S States[J].Review of Economics and Statistics,1996,(76):1~11.
[8]Khan,M S,M S Kumar.Public and private investment and the growth process in de-veloping countries[J].Oxford Bulletin of Economics and Statistics,1997,(59):69~88.
[9]Aschauer D.Do States optimize?Public capital and economic growth[J].Annals of Re-gional Science,2000,(34):343~363.
[10]Senhadji A.Sources of economic growth:An extensive growth accounting exercise[C].IMF Staff Papers,2000,(47):129~157.
[11]马拴友.中国公共资本与私人部门经济增长的实证分析[J].经济科学,2000,(6):38~47.
[12]刘溶沧,马拴友.赤字、国债与经济增长关系的实证分析———兼评积极财政政策是否有挤出效应[J].经济研究,2001,(2):15~22.
[13]刘国亮.政府公共投资与经济增长[J].改革,2002,(4):17~24.
[14]陈飞,赵昕东,高铁梅.我国货币政策工具变量效应的实证分析[J].金融研究,2002,(10):25~30.
引用本文
周建, 汪伟. 资本形成、投资效率与经济增长之间的动态相关性——来自中国1978~2004年数据的实证研究[J]. 财经研究, 2006, 32(2): 80–91.
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