非正规金融发展的区域差异及其经济增长效应
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财经研究 2009 年 第 35 卷第 12 期, 页码：131 - 141
摘要
参考文献
摘要
中国非正规金融发展呈现出明显的区域差异,这与商业文化发达程度、正规金融对民营企业金融支持力度、民间资金丰裕度等因素有关。利用区域宏观经济数据在新古典经济增长理论框架下对金融发展的经济增长效应进行实证检验,文章发现非正规金融发展的区域差异对经济增长的区域差异具有显著的解释力。通过对金融发展水平指标的重新构建,文章认为正规金融与非正规金融均有显著的经济增长效应。
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[2]刘民权,徐忠,俞建拖.信贷市场中的非正规金融[J].世界经济,2003,(7):61-73.
[3]陆铭,陈钊,万广华.因患寡,而患不均——中国的收入差距、投资、教育和增长的相互影响[J].经济研究,2005,(12):10-26.
[4]陈志武.反思高利贷与民间金融[J].新财富,2005,(8):1-13.
[5]白重恩,杜颖娟,陶志刚,仝月婷.地方保护主义及产业地区集中度的决定因素和变动趋势[J].经济研究,2004,(4):1-16.
[6]樊纲,王小鲁,朱恒鹏.中国市场化指数——各地区市场化相对进程2006年报告[M].北京:经济科学出版社,2007.
[7]张维迎,柯荣住.信任及其解释:来自中国的跨省调查分析[J].经济研究,2002,(10):21-34.
[8]穆雯瑛.晋商史料研究[M].太原:山西人民出版社,2001.
[9]Allen F,Qian J,Qian M.Law,finance,and economic growth in China[R].Working Paper,University of Pennsylvania,2002.
[10]Anders Isaksson.Informal finance and intermediation[R].Working Paper,UB&SDRC.Germany,ISSN0936-3408,2002.
[11]Ayyagari M,Demirgü-Kunt A,Maksimovic V.Formal versus informal finance:Evi-dence from China[R].World Bank,2007.
[12]Aziz J,Duenwald C.Growth-financial intermediation nexus in China[R].I MF Work-ing Paper,2002.
[13]Barro R.Economic growthin a cross-section of countries[J].Quarterly Journal of E-conomics,1991,56:407-443.
[14]Boyreau-Debray G.Financial intermediation and growth:Chinese style[R].Working Paper,World Bank,2003.
[15]Chen H.Development of financial intermediation and economic growth:The Chinese experience[J].China Economic Review,2006,17:347-362.
[16]Cheng X,Degryse H.Theimpact of bank and non-bankfinancial institutions onlocal e-conomic growthin China[R].Working Paper,2006.
[17]Dasgupta B.Capital accumulationinthe presence of informal credit contracts:Does the incentive mechanism work better than credit rationing under asymmetric information-[R].Working Paper,2004.
[18]Gregory N,Tenev S,Wagle D.China’s emerging private enterprises:Prospects for the newcentury[R].International Finance Corporation,2000.
[19]Jappelli T,Pagano M.Savings,growth and liquidity constraints[J].The QuarterlyJournal of Economics,1994,1:109-120.
[20]Kropp E.Linking self-help groups and banks in developing countries[R].Eschborn:GTZ-Verlag,1989.
[21]Levine R.Finance and growth:Theory and evidence[A].Aghion P,Durlauf S.Hand-book of economic growth elsevier science[C].The Netherlands,2005.
[22]Lin Y,Sun X.Information informal finance and SME financing[J].Frontiers of Eco-nomics in China,2006,1:69-82.
[23]Linton K.Access to capital in China:Competitive conditions for foreign and domestic firms[R].Working Paper,2006.
[24]Ljungwall C,Li J.Financial sector development,FDI and economic growth in China[R].CCER Discussion Paper,2007.
[25]Lu S,Yao Y.The effectiveness of the law,financial development,and economic growthin an economy of financial repression:Evidence from China[R].Stanford Cen-ter for International Development Working Paper No.179,2004.
[26]Mohieldin M,Wright P.Formal and informal credit markets in Egypt[J].Economic Development and Cultural Change,2000,48(3):657-670.
[27]Park A,Sehert K.Tests of financial intermediation and banking reformin China[J].Journal of Comparative Economics,2001,29:608-644.
[28]Tsai K.Back-Alley banking:Private entrepreneurs in China[M].Cornell University Press,2002.
引用本文
姚耀军. 非正规金融发展的区域差异及其经济增长效应[J]. 财经研究, 2009, 35(12): 131–141.
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