金融結(jié)構(gòu)、產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化與經(jīng)濟(jì)增長(zhǎng)

習(xí)羿暉 段新鋒 劉振

摘 要：根據(jù)中部六省1994～2013年的樣本數(shù)據(jù)，建立面板向量自回歸模型（PVAR），通過(guò)脈沖響應(yīng)和方差分解考察產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化、經(jīng)濟(jì)增長(zhǎng)和金融結(jié)構(gòu)之間的互動(dòng)機(jī)制。結(jié)果表明：金融結(jié)構(gòu)和產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化、經(jīng)濟(jì)增長(zhǎng)之間存在著互動(dòng)機(jī)制。但三者之間的影響是非均衡的，經(jīng)濟(jì)增長(zhǎng)與產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化之間互為因果關(guān)系，經(jīng)濟(jì)增長(zhǎng)與金融總量結(jié)構(gòu)互為因果關(guān)系，產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化與金融融資結(jié)構(gòu)互為因果關(guān)系。長(zhǎng)期來(lái)看，金融總量結(jié)構(gòu)優(yōu)化對(duì)產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化的貢獻(xiàn)要大于產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化對(duì)金融總量結(jié)構(gòu)優(yōu)化的貢獻(xiàn)。經(jīng)濟(jì)增長(zhǎng)對(duì)金融融資結(jié)構(gòu)優(yōu)化的貢獻(xiàn)大于金融融資結(jié)構(gòu)優(yōu)化對(duì)經(jīng)濟(jì)增長(zhǎng)的貢獻(xiàn)。

關(guān) 鍵 詞：金融結(jié)構(gòu)；產(chǎn)業(yè)結(jié)構(gòu)優(yōu)化；經(jīng)濟(jì)增長(zhǎng)；互動(dòng)機(jī)制

中圖分類號(hào)：F830 文獻(xiàn)標(biāo)識(shí)碼：A 文章編號(hào)：2096-2517（2016）04-0023-08

Abstract： This paper based its research on the data samples of six provinces in central China from 1994 to 2013 and PVAR model， investigated the interactive mechanism among industrial structure optimization， economic growth and financial structure by utilizing impulse response and variance decomposition. The result shows that an interactive mechanism exists in financial structure and industrial structure optimization and economic growth. But the influence of the three aspects is not balanced. The relation between economic growth and industrial structure optimization is a cause and effect relation， the relation between economic growth and total financial volume structure is a cause and effect relation， and the relation between industrial structure optimization and financing structure is also a cause and effect relation. In the long run， total financial volumes contribution to industrial structure optimization is more than industrial structure optimizations contribution to total finance volume structure. Economic growths contribution to financing structure is more than financing structures contribution to economic growth.

Key words： financial structure； industrial structure optimization； economic growth； interactive mechanism