资本形成和流动对我国东部地区经济影响实证分析.docVIP

资本形成和流动对我国东部地区经济影响实证分析 　　［摘 要］东部地区经济的快速增长离不开资本的支持，但东部地区在财政收入与支出、固定资产投资、FDI、对外投资、银行存款与贷款余额五方面均存在差别。加上东部各省市不同的经济结构和外资利用情况，各省市经济的发展呈现较大差异。实证检验证明：东部地区资本流动省际差异巨大，从银行存贷资金来看，东部地区均是资金流出地；人均固定资产投资对各地区的经济均有显著的促进作用，但地区经济结构的差异也导致了财政收支和FDI对经济影响的差异；人均存贷差对东部整体影响的不显著，说明了东部地区储蓄转化为投资的无效率，但人均存贷差对东部三个区域却存在不同影响。 　　［关键词］资本流动；经济增长；东部地区 　　 　　An Empirical Study of the Effects of Capital Formation and Flow on the Economy of the Eastern Region of China 　　Huang Xianhai Yang Jun 　　(College of Economics, Zhejiang University, Hangzhou 310027, China) 　　Abstract: Capital provides strong support for the rapid economic development of east China, but significant differences are found in this region in aspects such as financial revenue and expenditure, fixed asset investment, FDI, overseas investment, and bank deposits and loans. Additionally, the economy in this region exhibits unbalanced growth due to different economic structures and foreign capital utilization. As shown by the results of empirical analyses, the capital flows differ significantly. Data on the bank deposits and loans in the eastern region indicate a net general capital outflow. The fixed asset investment per capita greatly promotes the regional economy, but the differences in the regional economic structures have led to different influences of financial revenue and expenditure and FDI on the economy. The differences between deposits and loans per capita haven??t resulted in significant impacts on east China as a whole, which indicates the inefficiency of transforming savings into investments in the region. However, such differences are manifest inthree districts in the eastern region. 　　Key words: capital flow；economic growth；eastern region 　　 　　改革开放以来，我国东部地区经济得到快速增长，资本在其中起了至关重要的作用。资本在各地区的形成和流动不仅影响了经济的增长，也影响了各地区经济的发展模式。由于开放时间和开放程度的不同，以及各地区经济基础的差异，东部地区的经济发展是不均衡的，特别是外资的活跃程度、民营经济的发展状况和固定资产投资的数量都存在很大差别。在各地区经济结构存在较大差异的情况下，不同种类资本的形成和流动对东部经济增长会产生什么影响？对各地区的影响是否相同？研究此类问题有助于为东部地区经济持续发展和政策制定提供理论上的依据和参考。 　　国内外学者从不同方面研究了资本形成和流动对经济增长的影