【摘要】 伴随着国际环境的急剧变化，经济韧性日益成为世界各国经济发展中格外重视的战略问题。基于2000—2019年全球172个国家的面板数据，深入考察了各国经济韧性的变化情况，实证分析和检验了金融结构、金融市场发展对经济韧性的影响。研究结果表明：相比于银行主导型金融结构，市场主导型金融结构更有利于提升经济韧性；在推进金融市场发展中，银行主导型金融结构对经济韧性的提升效应明显优于市场主导型金融结构，这主要源于金融市场广度和深度的发展，同时也存在着门槛限制；此外，市场导向的金融结构转型对于新兴市场及中等收入国家经济韧性的提升效果更佳。研究结论为进一步推动中国构建具有广度和深度的金融市场提供了重要的理论与政策启示。更多还原

【Abstract】 With the rapid changes in the international landscape, economic resilience has emerged as a paramount strategic concern in the economic development of nations worldwide. Based on panel data from 172 countries worldwide from 2000 to 2019, this study thoroughly investigates the changes in economic resilience among different countries and empirically analyzes and examines the impact of financial structure and financial market development on economic resilience. The research findings reveal that market-oriented financial structures offer greater advantages in bolstering economic resilience than bank-dominated counterparts. While the development of financial markets plays a pivotal role in enhancing economic resilience, bank-dominated financial structures exhibit a more pronounced positive effect, primarily attributed to the breadth and depth of financial market expansion, albeit with certain threshold limitations. Furthermore, the transition towards market-oriented financial structures yields more pronounced enhancements in economic resilience, particularly for emerging markets and middle-income countries. The research conclusions provide important theoretical and policy insights for further promoting the construction of a financial market with more breadth and depth in China.更多还原