[1]刘 方,孙 暖.金融发展、财政支出与经常项目调整——基于面板ARDL模型的研究[J].金融教育研究,2020,(02):33-40.
　LIU Fang,SUN Nuan.Financial Development,Fiscal Expenditure and Current Account Adjustment——Research based on Panel ARDL Model[J].,2020,(02):33-40.
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金融发展、财政支出与经常项目调整——基于面板ARDL模型的研究()
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《金融教育研究》[ISSN:1006-6977/CN:61-1281/TN]

卷:
期数:
2020年02期
页码:
33-40
栏目:
经济观察
出版日期:
2020-04-10

文章信息/Info

Title:
Financial Development,Fiscal Expenditure and Current Account Adjustment——Research based on Panel ARDL Model
文章编号:
2095-0098(2020)02-0033-08
作者:
刘 方;  孙 暖
云南师范大学 经济与管理学院,云南 昆明 650500
Author(s):
LIU Fang;  SUN Nuan
School of Economics and Management,Yunnan Normal University,Kunming,Yunnan 650500,China
关键词:
金融发展;  财政支出;  面板ARDL;  截面相关性检验
Keywords:
financial development;  fiscal expenditure;  panel ARDL;  cross section correlation test
分类号:
F832.6
文献标志码:
A
摘要:
利用我国31个省(自治区、直辖市)2007-2016年的面板数据,运用面板自回归分布滞后模型,探讨了金融发展、财政支出对经常项目余额的长短期影响。结果表明:长期内金融发展、财政支出均显著负向、正向影响各地区经常项目余额; 短期内,财政支出增加将会缩小经常项目余额,而金融发展则不具有显著作用。因此,在我国经常项目持续调整的过程中,各地区应充分利用市场化的金融手段替代行政性的财政手段,以保证经常项目的持续平衡。
Abstract:
Using the panel data set of China's 31 provinces over the period from 2007-2016,and the panel autoregressive distributed lag model,this paper aims to examine the relationship between financial development,fiscal expenditure and current account balance in the long and short-term.The results of the regression show that financial development and fiscal expenditure has significantly negative,positive effects on the current account balance respectively in the long run; in the short term,the increase in fiscal expenditure will reduce the current account balance,while financial development will not have a significant effect.Therefore,in the process of continuous adjustment of the current account surplus in China,all regions should make full use of market-based financial means to replace the administrative financial means and ensure the balance of current account continues.

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备注/Memo

备注/Memo:
收稿日期:2019-10-05
基金项目:国家自然科学基金项目(71163047); 云南省哲学社会科学规划青年项目(QN2017011)
作者简介:刘 方(1986-),男,贵州毕节人,博士(后),副教授,研究方向为国际金融、银行管理和金融发展。
更新日期/Last Update: 2020-04-10