中国经济动态效率——基于消费—收入视角的检验

经济的动态效率是分析资本积累和经济增长的核心问题。对经济动态有效与否的经验判断和检验多采用Abel等(1989)提出的AMSZ准则。但经济制度的差异,对总利润与总投资概念内涵界定的不同、测算口径的不一、指标的选取差异都会得出不同的结论。由此提出的相应对策也可能是有失偏颇的。本文在进一步扩展AMSZ准则的基础上,提出与其等价的判别准则,并用1985～2005年的数据从经验和协整计量两方面做出检验,得出中国经济动态无效的结论。造成中国经济出现动态无效的深层原因是消费不足。因此,应该从提高居民消费和收入着手,来实施扩大消费需求的内需对策,消除经济的动态无效。

Assessing Chinese Economy's Dynamic Efficiency Based on the Perspective of Consumption-Income

AMSZ criterion proposed by Abel,et al.(1989) is always used to judge and test the economic dynamic efficiency.But there are different conclusions for different situations.So the resulting proposed countermeasures may also be biased.Based on the further expansion of AMSZ criterion,the paper proposes an equivalent criterion and investigates the dynamic efficiency of Chinese economy,drawing the main conclusion that the economic operation in China has been in a state of dynamic inefficiency from 1985 to 2005.It...