CAJ | 학술논문

文章基于我国的投入产出表数据，使用AMSZ现金流准则分析了我国整体经济及产业层面资本积累的动态效率。实证研究结果表明，从1997-2010年这段时期内，中国经济处于动态有效的状态，但动态效率有减弱的趋势；从三次产业来看，1997-2010年三次产业的动态效率的变化趋势各不相同：第一产业和第二产业的动态效率在1997-2010年这段时期内逐渐减弱，以2007年为转折点，由资本积累不足转变为积累过度，第三产业资本积累的动态效率较高且比较稳定；从各产业内部来看，三次产业整体的动态效率与各产业内部的产业动态效率结构紧密相关；讨论经济资本积累是否过度的问题，除了从总量层面来考察外，需要从产业结构层面来考虑资本和投资结构问题，通过结构优化来缓解经济动态无效的状况。
문장기우아국적투입산출표수거，사용AMSZ현금류준칙분석료아국정체경제급산업층면자본적루적동태효솔。실증연구결과표명，종1997-2010년저단시기내，중국경제처우동태유효적상태，단동태효솔유감약적추세；종삼차산업래간，1997-2010년삼차산업적동태효솔적변화추세각불상동：제일산업화제이산업적동태효솔재1997-2010년저단시기내축점감약，이2007년위전절점，유자본적루불족전변위적루과도，제삼산업자본적루적동태효솔교고차비교은정；종각산업내부래간，삼차산업정체적동태효솔여각산업내부적산업동태효솔결구긴밀상관；토론경제자본적루시부과도적문제，제료종총량층면래고찰외，수요종산업결구층면래고필자본화투자결구문제，통과결구우화래완해경제동태무효적상황。
The paper using input-output table data to investigate the dynamic efficiency of China's Industry-level Capital Accumulation with the AMSZ criterion. The empirical results showed that China's economy was dynamic efficient, but the dynamic efficiency was weakening from 1997 to 2010. From the perspective of three industries, the dynamic efficiency of primary industry and secondary industry gradually weakened from the period 1997 to 2010, with 2007 as the turning point, capital accumulation turn from lack to excessive accumulation, the dynamic efficiency of tertiary industry is higher and relatively stable than primary industry and secondary industry. The dynamic efficiency of three industries is closely related to the dynamic efficiency within each industry. In addition to the investigation from the total level, it's necessary to consider the level of capital and investment structure problem from the industrial structure, and then alleviate the economic situation of dynamic invalid by optimizing the structure.