【摘要】 有关金融发展与经济增长关系的研究越来越深入,本文的研究侧重于金融发展与经济增长关系的微观经济基础和关联机制,通过两部门模型揭示金融发展影响经济增长的两个方式:外部性和边际生产力差异。中国的实证检验结果表明,以M2为测度指标的金融发展与经济长期增长存在显著的正向关系,并且金融发展是经济增长的Granger原因。更多还原

【Abstract】 The research on financial development and economic growth is much further.Based on the two-sector model, this paper emphasizes the microeconomic foundation and relationship on financial development and economic growth. It reveals that there are two modes: externality and marginal productivity difference, through which financial development affect economic growth.The result of Chinese data shows that financial development measured by M2 is significantly positive correlation with economic growth, and financial development is Granger causality with economic growth.更多还原