最优增长路径理论在中国和江苏省的应用

文章首先介绍了Phelps的最优增长路径理论和动态效率概念,并根据Abel等提出的检测动态效率的AM SZ方法,对中国和江苏省在1997到2005年间的动态效率情况进行检测.结果表明,无论是全国还是江苏省在1997到2003年之间经济都处于动态无效状态.主要原因在于地方政府的目标偏差、社会保障制度不完善,以及产业结构的低水平.另外数据还表明,2005年的紧缩政策对动态无效的缓解起到了明显的作用.

Application of the Golden Rule Theory in China and Jiangsu Province

This paper introduces the theory of Golden Rule and the definition of Dynamic Efficiency invented by Edmund Phelps at first.Then,the AMSZ method is used to test the situation of dynamic efficiency of China and Jiangsu Province.Result shows that,both China and Jiangsu were dynamic inefficient between 1997 and 2003.This is resulted from the wrong object of local government,the imperfect of the system of social security and the low level of industry structure.The result also shows that the tight policy used by...