CAJ | 학술논문

在以两缺口模型为理论基础分析一国储蓄投资失衡如何影响该国经常项目的基础上，具体分析了我国储蓄投资失衡、经常项目失衡的现状，并运用Eviews协整分析，检验了两缺口模型在我国宏观经济中的适用性，并得出结论：我国宏观经济内部失衡决定外部失衡，外部失衡不过是内部失衡外部表现。针对我国目前以内、外部失衡现状，提出两点建议：一是提高消费水平、完善资本市场机制以减少储蓄；二是保证投资需求稳步增长、调整投资结构。
재이량결구모형위이론기출분석일국저축투자실형여하영향해국경상항목적기출상，구체분석료아국저축투자실형、경상항목실형적현상，병운용Eviews협정분석，검험료량결구모형재아국굉관경제중적괄용성，병득출결론：아국굉관경제내부실형결정외부실형，외부실형불과시내부실형외부표현。침대아국목전이내、외부실형현상，제출량점건의：일시제고소비수평、완선자본시장궤제이감소저축；이시보증투자수구은보증장、조정투자결구。
Based on the theory of Two-Gap Model, this paper analyses how a certain country＇s current item is affected by its savings and investment imbalance. Furthermore, the paper discussed the current situation of imbalclusion that in China＇s macro-economy, the external imbalance is determined by the internal imbalance and the former is merely the outward appearance of the latter. In the last part of the paper, a summary is made on both issues of savings and investment imbalance and current item imbalance that China encounters, and a series of policy-related suggestions are put forward in the hope that these suggestions might be helpful to the solutions of the severe economic problems that China is facing.