资本账户自由化增长效应的经验研究结论与启示

doi:10.16382/j.cnki.1000-5579.2005.06.016

摘要/Abstract

摘要：

20世纪90年代以来, 国际上有关资本账户自由化是否促进经济增长的主要经验研究充满着争议。但从中得出的结论是, 一方面资本账户自由化增长效应存在国别差异, 金融发展与制度质量等基础性因素是导致差异的重要原因; 另一方面, 自由化也对金融发展和制度建设具有促进作用。这对我们的启示是, 我国既要重视资本账户开放的制度前提, 也要注意利用其开放对制度发展的促进作用; 我国政府应妥善协调改革、开放与发展的关系, 积极渐进地推动资本账户自由化。

关键词: 资本账户自由化, 增长效应, 制度质量, 经验研究

Abstract:

Since the 1990's there have been a lot of disputes in studies on major experiences in the world as to whether liberalization of capital account is promotive to economic growth or not.However, wherefrom a conclusion is drawn, that is, the promotive effect of capital account liberalization should be different in different countries and the difference attributes primarily to some foundational factors such as financial development and institutional quality, and meanwhile liberalization is promotive to financial development and institutional reconstruction.The inspiration on us is that our country should stress institutional preconditions of opening capital account, but also pay attention to how to take advantage of such an opening to promote institutions.And our government should coordinate reform, opening-up and development appropriately, and advance liberalization of capital account actively and gradually.

Key words: liberalization of capital account, promotive effect, institutional quality, study on experience

中图分类号:

吴信如. 资本账户自由化增长效应的经验研究结论与启示[J]. 华东师范大学学报(哲学社会科学版), 2005, 37(6): 113-118.

Xin-ru WU. A Study on Experiences of the Promotive Effect of Liberalization of Capital Account[J]. Journal of East China Normal University (Philosophy and Social Sciences), 2005, 37(6): 113-118.

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