| 利率调整与经济增长关系的实证研究 |
| |
| 引用本文： | 赵天荣,Zhao Rui. 利率调整与经济增长关系的实证研究[J]. 上海金融, 2008, 0(8) |
| |
| 作者姓名： | 赵天荣 Zhao Rui |
| |
| 作者单位： | 西安交通大学经济与金融学院,陕西西安,710061 |
| |
| 基金项目： | 国家社会科学基金，国家社会科学基金 |
| |
| 摘 要： | 本文将利率对经济增长率的影响效应分解为两部分:一部分是由平均投资倾向加权的资本边际产出随利率变化所反映的投资效率效应;另一部分是由资本边际产出加权的平均投资倾向随利率变化所反映的投资规模效应。运用误差修正模型对这两种效应进行估计检验,实证表明,实际利率的投资规模效应几乎可以忽略,投资效率效应也非常低,上一年实际贷款利率对经济增长的影响效应很微小。因此,在中国利率政策还难以成为货币政策实施的主要手段的情况下,抑制通货膨胀还需依赖其他调控政策手段。
|
| 关 键 词： | 利率 经济增长 投资规模 投资效率 |
An Empirical Research on Relationship between Interest Rate Adjustment and Economic Growth |
| |
| Zhao Tianrong,Zhao Rui. An Empirical Research on Relationship between Interest Rate Adjustment and Economic Growth[J]. Shanghai Finance, 2008, 0(8) |
| |
| Authors: | Zhao Tianrong Zhao Rui |
| |
| Affiliation: | Zhao Tianrong/ Zhao Rui |
| |
| Abstract: | The article divides the effect of interest rate on economic growth into two parts. One is the effect on investment efficiency, and the other is the effect on investment scale. After using error correction model to measure each effect, the article reaches the conclusion that both effects are negligible. Therefore in China, interest rate policy is not an effective monetary policy, and we should rely on other policies to counter inflation pressure. |
| |
| Keywords: | Interest Rate Economic Growth Investment Scale Investment Efficiency |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
|
