资金流动、国际金融整合与经济增长——基于新兴市场国家面板数据

被引：10

作者：

苏飞 ^{[1
]}

机构：

[1] 安徽大学经济学院统计系

来源：

国际金融研究 | 2012年 / 03期

关键词：

资金流动; 国际金融整合; 经济增长; 新兴市场;

D O I：

暂无

中图分类号：

F831 [世界金融、银行]; F113 [世界经济问题]; F224 [经济数学方法];

学科分类号：

020202 ; 020206 ; 030206 ; 0701 ; 070104 ; 1407 ;

摘要：

本文尝试检验东欧、东亚和拉丁美洲三大主要新兴市场国家或地区的资金流动方向及其对经济增长的影响,以及近来众所关切的全球经常账户失衡问题。实证结果显示:东欧国家收入水平与金融深化程度仍然偏低,但随着发展程度提高,未来将由资金流入转为流出。东亚国家或地区的超额外汇储备、贸易顺差与资金流出,被指控为造成美国巨额经常账户赤字与全球经常账户失衡的主要原因之一,但若能够持续金融深化的努力,资金可能回流并使全球经常账户失衡现象得以缓解。至于拉丁美洲国家的宏观经济、金融和政策变量,对于资金流动方向并无决定性影响,但宏观经济政策仍是决定资金流入能否有助于经济增长的关键因素。

引用

页码：48 / 56

页数：9

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