CAJ | 학술논문

投资对经济增长起着至关重要的作用,而投资在很大程度上又取决于储蓄的规模以及储蓄向投资转化的效率.利用我国1980-2007年的省级数据,通过建立变系数面板数据模型考察储蓄投资转化效率,并基于此揭示各区域之间的差异.研究结果表明:我国储蓄投资转化效率低下且区域差异明显,东部地区的转化效率最高,中部地区次之,西部地区最低.我国应该通过加快国有商业银行改革,完善中小企业金融服务体系,鼓励资本市场创新,推出创业板市场等措施来提高储蓄投资转化效率.
투자대경제증장기착지관중요적작용,이투자재흔대정도상우취결우저축적규모이급저축향투자전화적효솔.이용아국1980-2007년적성급수거,통과건립변계수면판수거모형고찰저축투자전화효솔,병기우차게시각구역지간적차이.연구결과표명:아국저축투자전화효솔저하차구역차이명현,동부지구적전화효솔최고,중부지구차지,서부지구최저.아국응해통과가쾌국유상업은행개혁,완선중소기업금융복무체계,고려자본시장창신,추출창업판시장등조시래제고저축투자전화효솔.
Investment plays an important role in economic growth, thought determined by savings and the efficiency of its transformation into investment. This paper investigates the efficiency of transformation from savings to investment in each province of China based on the data released from 1980 to 2007 by a Variable Coefficient Panel Data Model. The investigation shows that the efficiency is very low and varies from region to region dramatically, which is explicated by the finding that the efficiency of the eastern region is the highest while that of the western the lowest. Hence, it is suggested that the government should speed up the reform of state-owned commercial banks, improve the small and medium-sized financial service system, promote capital market innovation, and take other measures such as GEM to improve the transformation rate of savings into investment.