经济学家
經濟學傢
경제학가
Economist
2013年
12期
42~50
,共null页
中长期信贷 国有经济 全要素生产率 货币化率
中長期信貸 國有經濟 全要素生產率 貨幣化率
중장기신대 국유경제 전요소생산솔 화폐화솔
Middle - and - long - term credit; State - owned economy; TFP; Monetization rate
本文利用1991-2011年的中长期信贷／GDP面板数据，运用IV-2SLS方法考察了商业银行中长期信贷对全要素生产率的影响。实证结果显示：中长期信贷对全要素生产率具有显著的u型影响；而这种影响是由地区国有经济与民营经济的共同作用造成；中长期信贷对规模效率影响的门槛值小于中长期信贷对技术进步影响的门槛值。本文的政策启示是为了增强银行信贷对全要素生产率的促进作用，应该加大中长期信贷在信贷总额中的比重，提高对民营企业信贷资金投放比例，利用中长期信贷资金缓解民营企业的投资约束，引进并吸收国外的先进技术，进而达到自我创新能力的提高。
本文利用1991-2011年的中長期信貸／GDP麵闆數據，運用IV-2SLS方法攷察瞭商業銀行中長期信貸對全要素生產率的影響。實證結果顯示：中長期信貸對全要素生產率具有顯著的u型影響；而這種影響是由地區國有經濟與民營經濟的共同作用造成；中長期信貸對規模效率影響的門檻值小于中長期信貸對技術進步影響的門檻值。本文的政策啟示是為瞭增彊銀行信貸對全要素生產率的促進作用，應該加大中長期信貸在信貸總額中的比重，提高對民營企業信貸資金投放比例，利用中長期信貸資金緩解民營企業的投資約束，引進併吸收國外的先進技術，進而達到自我創新能力的提高。
본문이용1991-2011년적중장기신대／GDP면판수거，운용IV-2SLS방법고찰료상업은행중장기신대대전요소생산솔적영향。실증결과현시：중장기신대대전요소생산솔구유현저적u형영향；이저충영향시유지구국유경제여민영경제적공동작용조성；중장기신대대규모효솔영향적문함치소우중장기신대대기술진보영향적문함치。본문적정책계시시위료증강은행신대대전요소생산솔적촉진작용，응해가대중장기신대재신대총액중적비중，제고대민영기업신대자금투방비례，이용중장기신대자금완해민영기업적투자약속，인진병흡수국외적선진기술，진이체도자아창신능력적제고。
Using middle - and - long - term credit/GDP panel date over the 1991 - 2011 period, this paper uses IV - 2SLS method to examine the influence of middle - and - long - term credit on TFP. The results show that： Middle - and - long - term credit has significant U - influence on TFP; it is caused by both regional state - owned economy and private economy; and that the threshold value of the influence of middle - and - long - term credit on scale efficiency is lower than that of its influence on tech- nological advance. The policy implication of this article is to strengthen the promotion of bank credit on TFP, increase the pro- portion of middle - and - long - term credit in total credit, increase the proportion of credit fund for private firms, use middle - and long - term credit to relieve investment constraints on them, input and absorb foreign advanced technology, so as to improve self - innovation capacity.
