中国金融发展与全要素生产率关系研究

运用柯布一道格拉斯生产函数和增长核算法计算出1978—2006年全国的TFP，并选取FIR作为金融发展指标，对二者进行单位根检验、协整检验，继而运用误差修正模型得出FIR与TFP的回归方程。实证结果显示，长期全要素生产率存在一定的自回归调整，金融发展的短期波动也起到了显著的调整作用。

Research on the relationship between China financial development and total factor productivity

Using the Cobb-Douglas production function and growth accounting method to calculate out the 1978-2006 years,the country's TFP,and select the FIR,as financial development indicators,both for the unit root test,co-integration test,followed by the use of error-correction model derived FIR and TFP regression equation.The empirical results show that there is a certain long-term total factor productivity in the auto-regression adjustment of short-term fluctuations in financial development also played a significa...